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PNC INFRATECH NCC
Shakti Pumps, NCC & KEC International soar up to 16% as govt clears Rs 8.7 lakh crore Jal Jeevan Mission extensionShares of Shakti Pumps, NCC, and KEC International rallied as much as 16% after the Union Cabinet approved the Jal Jeevan Mission's extensi...
Construction companies likely to report subdued growth in Q1 amid lower awarding of projects, slow executionThe financial performance of roads and construction companies in the June 2024 quarter is expected to remain muted due to delay in obtainin...
Diversified construction companies in focus as award of govt road orders slowsOver the past year, awarding of road projects has been below the target. In FY23, the National Highways Authority of India (NHAI) awarded 6...
3C investing new mantra for stock pickers after Budget. Over 30 ideas from 6 brokeragesGlobal brokerage firm BNP Paribas' Kunal Vora sees the Budget as positive for infrastructure because of the large budgetary allocation, pri...
Investment outlay in infrastructure sector augur well for road construction companiesThe Union Budget proposes to raise investment outlay in infrastructure by more than three times to Rs 10 lakh for FY24 crore compared with ...
Construction stocks gain ground on improving order flow and executionNow that the monsoon season is over, analysts foresee a pickup in awarding and execution of projects in the remaining two quarters of FY23....
Road to recovery for construction firms paved with government projectsThe ET Construction Index, which comprises well-placed listed construction companies, has risen by 8.1% in a month compared with the 4.1% r...
Budget 2022: Infra stocks rally up to 7% after FM announces 'Gati Shakti' planSitharaman said the Indian road network will be increased by 25,000 kilometers in FY23, which is part of this scheme
Sensex soars! But these stocks slip 5% or moreIn the Nifty pack, 42 stocks were in the green, while 7 stocks were in the red.
Sensex surges! Stocks that gained 10% or moreThe 30-share Sensex was trading 656.5 points up at 51388.13, while the 50-share Nifty index was 184.8 points up at 15109.05.
The week that was: Financial, infra stocks rule the roost as earnings, RBI policy contribute to rallyA good earnings performance by some companies and the RBI's policy tweaks also contributed to the rally.
13 stocks where mutual funds hold large stakes make most of the market reboundMutual funds own at least 20 per cent stake in each of these stocks.
Investors pile into roadbuilders’ shares ahead of Union BudgetFM Nirmala Sitharaman outlined $1.5 trillion in infrastructure investment last month.
Infra stocks with ‘Maha’ exposure fall up to 10%Though stoppage of payment has posed a near-term uncertainty on big-ticket projects like Mumbai Metro and Mumbai-Nagpur expressway, it’s un...
Construction cos prefer pure EPC jobs to annuity projectsThe key reason for this shift is the inability to secure financial closure for existing HAM projects.
It’s not all that gloomy for well-run highway buildersA few construction and roads companies are placed well in terms of execution of order book.
Banks not too keen on funding HAM projects as NPAs swellAlso, high debt, weak traffic and slow pace of execution meant that it would take a long time for these players to repay the debt to banks....
Uttar Pradesh again scraps bidding process for Poorvanchal ExpresswayThis is the second time that the plan for Poorvanchal Expressway has been derailed. Companies including Larsen & Toubro, Afcons Infrastruct...
NHAI dues won't hamper Simplex Infra, PNC & NCCAccording to NHAI's 2016 annual report, there are pending claims worth Rs 22,000 crore.
UP sets two year deadline for India's longest expressway from Lucknow to AgraNavneet Sehgal, CEO of UP Expressway Industrial Development Authority (UPEIDA), said 85% of the land required for the project has been acqu...