Key Points
With the upcoming state elections in 2024, infrastructure projects are expected to be a focus for the government..
Increased government spending on infrastructure has been a trend in recent years, benefiting companies in the construction and engineering sector..
The attention of investors is now shifting towards small companies involved in subcontract work for these projects..
Four construction stocks listed on the NSE, NCC Limited, PSP Projects Limited, Larsen and Toubro Limited, and Ahluwalia Contracts (India) Limited, have scored well based on earnings, fundamentals, relative valuation, risk, and price momentum, according to Refinitiv's Stock Reports Plus...
Historically, in an election year, two things happen, one state government tends to push for completion of infrastructure projects so that they may showcase that as their achievements..
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