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