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    Construction sector: Better placed in current market scenario; prefer select stocks

    With the revenue visibility over the medium term, and no material affect on the margins, construction space should deliver better earnings performance

    Bharat Gianani
    June 21, 2022 / 10:56 AM IST
    Construction sector: Better placed in current market scenario; prefer select stocks

    Technology can help achieve greater efficiency, and incur lower operational costs to building climate-conscious buildings.

    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

    Construction companies (excluding Dilip Buildcon) maintained the double-digit growth momentum in the March 2022 quarter. However, it was slow when compared with the full financial year (FY22). While the ban on construction activities in the NCR region was the prime  reason for the sluggishness, companies were already going slow on  execution following the steep increase in raw material prices. Moreover, the base of the corresponding quarter last year was higher. Our conviction stocks (KNR Constructions, PNC Infratech, NCC, and HG Infra...

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