15 stocks likely to gain from Modi govt's smart cities push

Investors perturbed over falling stock indices may get some solace by focussing on another number likely to be of even greater interest in the coming years. This is the combined market cap of companies in cement, construction, consumer electronics, housing fi nance and cement.

At Rs 8.64 lakh crore, the total value of these companies is about ten times the combined net profi t of the Nifty for FY15. And the reason for the interest is the Cabinet’s decision to clear a massive project to build smart cities.

Analysts and fund managers believe that spending boost by the government will benefit companies in these six sectors. Valuations of some of these stocks have become cheap in the recent slide.

Rajesh Mascarenhas brings you stocks likely to benefit from the smart cities programme...