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How to bet on government’s promise to deliver water to every household

July 08, 2019 / 04:05 PM IST
How to bet on government’s promise to deliver water to every household

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Sachin Pal Moneycontrol Research Pipe manufacturers have a great business opportunity, thanks to the government’s recent announcement of the 'Nal Se Jal' (Water from Tap) scheme, which aims to ensure piped water for every household by 2024.  This should boost the growth prospects of domestic pipe makers as effective implementation of this scheme would require establishing an extensive network of pipes across the country. That’s not all. The government’s impetus to housing (mainly affordable housing) and irrigation will also be a boon...

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