Budget 2018: Government to speeden road development projects, Infra stocks in focus

Tanay Loya
/ Categories: Trending, Markets

Finance Minister, Arun Jaitley announced that the Pradhan Mantri Gram Sadak Yojana period would be reduced from 2022 to 2019, expediting the development of roads.

Such a measure is good news for road developers as projects announcements are likely to see a sharp increase. 

Infra related and construction stocks are in focus even as the broader markers are trading in green.

Man Infra, Dilip Buildcon, MEP infra, IL&FS transportation, GMR Infra, JP Infra, L&T , HCC , NCC, Ashok Buildcon are up anywhere between 0.5 per cent to 6 per cent.  

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