Infrastructure names are likely to be in focus this year, given that general elections is less than a year away and the government will boost its capex cycle as well. Having said that, the Nifty Pharma index is trading lower by 11 percent on a year to date basis.
Kotak Institutional Equities is upbeat on Sadbhav Engineering as well as Dilip Buildcon on the back of a good track record of execution scale-up.
The brokerage house also observed that NHAI’s balance sheet has doubled over the past three years and expects borrowings in general for the sector to rise. Ratings agencies could also draw comfort from government support in this case, the report added.
It has an add rating on Sadbhav Engineering with a target of R 460.
Buy Call On Ashoka Buildcon, Target At Rs 310
Buy Call On IRB, Target At Rs 330
Buy Call On Dilip Buildcon, Target At Rs 1,220.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
