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Defence stocks have done it, will the infrastructure sector follow suit? 6 stocks of the highway makers

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5 months ago

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Defence stocks have done it, will the infrastructure sector follow suit? 6 stocks of the highway makers

THE ECONOMIC TIMES

Synopsis

There are four sectors, Railways, Defence, Infrastructure and PSU as a set of stocks where election results were important due to the fact that policy continuity was seen as major tailwinds. Because the results were not exactly the way the street had expected, there was a sharp reaction in all these stocks after the election results. But within ten days, the majority of the defence stocks are already higher than what they were quoting on the day of elections. The question is whether other sectors also will see a catch up or not. Now there cannot be any doubt that political noise levels are going to remain high and that might create uncertainty at times. It might take a while for some of the sectors to get the momentum back on the street but probability of getting back on track is high as and when the street gets an indication that it is work as usual in the sector.

By ETMarkets.com

13 mins read, Last Updated:

Government policy influences every sector to some extent, but in certain sectors, it is the primary driver of growth and survival. This is particularly true when all the spending in a sector comes from government budgets, whether central or state. Initially, the central government led these efforts, but recognizing the political capital in infrastructure development, state governments have increasingly focused on road and highway construction.

( Originally published on Jun 16, 2024 )

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