Key Points
The government spending on infrastructure projects, especially on roads has remained at elevated levels for the last nine years, this had a trickle down effect on many parts of the economy and specially companies which are involved in construction and contracting..
ET screener powered by Refinitivs Stock Report Plus lists down stocks with high upside potential over the next 12 months, having an average recommendation rating of buy or "strong buy"...
In the last nine years, one thing which has been constantly high is government spending on infrastructure projects..
If one looks at the work of National Highway Authority of India (NHAI), the amount of tenders it floated clearly shows how much work has gone into the road construction sector..
Even during Covid, to give a push to the economy, higher allocation to road infra spending was done..
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