Interest in infra investment on the upswing

    Infrastructure
    After remaining in a dormant condition for a prolonged period, sentiment towards investment in infrastructure sector has finally changed for the better, said market watchers, adding that infrastructure is gaining investor interest largely due to improved investment sentiments. The trend has also become crystal clear in the last one month as analysts have come up with bullish/positive views also on the stock side of companies such as NBCC, NCC, IRB, KNR Construction, PNC Infratech, GMR, Dilip, Sadbhav Engineering, NTPC, Siemens, L&T and Engineers India. Based on the estimated target prices, these stocks have an upside potential of 10-40%. In FY18, NHAI achieved highest ever road project awards (150 projects spanning 7,400 km and worth Rs.1.2 lakh crore). The experts anticipating project award in FY19 also to remain strong as there are developers such as Sadbhav, KNR, Ashoka Buildcon and Dilip with strong financial basis and they are going to benefit handsomely from the boom in project award pace in the country’s road sector, said analyst at Edelweiss Securities, Parvez Akhtar Qazi. Besides roads, the future of capital goods companies too is looking bright as order inflow in FY18 jumped 2.3 times year-on-year on low base mainly driven by railways (traction equipment, electrification), power value chain, renewable and civil works, they said.
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