Construction players to get impetus from Budget 2015: Vinay Khattar, Edelweiss Financial

In a chat with ET Now, Vinay Khattar, Edelweiss Financial, HoR - Individual Clients, shares his views on markets. Excerpts:

ET Now: What budget themes are you at Edelweiss betting big on?

Vinay Khattar: Construction definitely remains one of the key sectors which could get impetus from the budget. If you were to just look at the road construction sector, this year Nitin Gadkari’s ministry is talking of almost 5500 kilometres of tendering out before March 31 and a significant chunk of this would be in the EPC segment which would definitely benefit number of simple road constructions players like KNR Construction and so on.

You could have benefits even for the likes of Sadbhav and NCC. Next year number is what one is really looking at in the market and there is a talk of almost 10 to 11 thousand kilometre worth of tendering out which could happen before 31st of March 2016.

Now one still needs to see how much of it is going to be in the EPC side and how much of it is going to be on the broad side but right now the indications are that significant chunk is going to be on the EPC side which means that the opportunity available for the road construction players and some of these I have just named could be very interesting over next two, three, four years.