Focus on Construction and Infrastructure
DSIJ Intelligence / 01 Feb 2017
Government’s on going push towards construction and infrastructure sector has been helping the companies to come out from debt trap through allowing themselves to convert debt into investment trusts.
Government’s on going push towards construction and infrastructure sector has been helping the companies to come out from debt trap through allowing themselves to convert debt into investment trusts. By using this strategy, the companies will be able to function smoothly in future.
The government’s push to the sector, especially on railways, roads and defence, could continue in the financial year 2017-18. We are expecting the government’s capital spending to increase by 26 per cent.
Interest rate cut cycle is also helping the construction and infrastructure sector allowing more demand driven growth. After remonetising, the impact of demonetisation is just while not for long term. Therefore, organised sector will get benefit from curbing black money.
As per Economic Survey, highways construction and widening was witnessed about 10 per cent growth in the first half of the current fiscal year.
Stocks to be focused on
Hindustan Construction Company: 0.23 per cent
NCC: 0.06 per cent
JKumar Infraprojects: 1.01 per cent
NBCC (India): 1.11 per cent
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