Massive Infrastructure Push with Rs 1.5 lakh crore for States, Focus on PPPs, Water, and Urban Development.

Finance Minister Nirmala Sitharaman has presented an extensive plan to improve the nation’s infrastructure in the Union Budget 2024-25.

Shares of the company gained more than 35 per cent in the last six months.

Unlock valuable insights into the budget's impact through the perspectives shared by experts

On February 1, Finance Minister Nirmala Sitharaman presented the Interim Budget for 2024, a precursor to the upcoming Lok Sabha elections, which is commonly known as an Interim or vote-on-account budget.

Do you own these metal stocks that delivered multibagger returns since the last budget?

Foreign Institutional Investors (FIIs) increased their stake in the company over the past four quarters. Their stake increased by 0.57 per cent in Q3 FY23, 1.34 per cent in Q4 FY23, 1.59 per cent in Q1 FY24, and 1.67 per cent in Q2 FY24.

This project, commissioned by the Municipal Corporation of Greater Mumbai (MCGM), aims to construct a 4.5 Km long bridge connecting Dahisar and Bhayander.

Shares of the company gained more than 22 per cent in the last six months.

On Monday, the NSE benchmark Nifty50 took over the negative baton from Friday’s weak close at Wall Street on the back of hotter-than-expected US inflation data.

With a market valuation of Rs 3,693 crore, the firm has a PE of 21.96 per cent and an ROE of 14.49 per cent. 

The company has successfully executed more than 80 major infrastructure projects across various states in India. 

The company operates its core contracting business mainly in projects of marine/ offshore structures, roads & bridges, buildings & infrastructure, electrification etc.  

Today, the stock jumped nearly 4 per cent in the morning trade.

In comparison to FY22, the corporation doubled its operating profit and net profit in FY23. On BSE today, the company saw a spurt in volume by more than 14 times.

Sanmit Infra Ltd is mainly engaged in the business of bio-medical and other waste management, infra and real estate development and trading in petroleum products

The stock is trading at Rs 242.90, up by 2.04 per cent.

This stock experienced 14.13 times volume burst, indicating heavy buying pressure.

The core equity indices, i.e., Sensex and Nifty ended on a higher note on Budget Day.  

Sensex went up by 848.40 points or 1.46 per cent. The top five gainers from the pack were Tata Steel, Sun Pharmaceuticals, IndusInd Bank, Larsen & Toubro, and UltraTech Cement. Meanwhile, on the flip side, the top losers included Mahindra & Mahindra, Power Grid Corporation of India, SBI, Bharti Airtel, and NTPC.  

FM Nirmala Sitharaman declared that the government will enhance the national highway network by 25,000 kilometres under the PM Gati Shakti master plan in 2022-23. Continue reading to know how infrastructure funds may benefit.