3 stocks that Yes Securities is betting on amid govt's infra push
"With huge projects coming under roadways, including metro projects and irrigation & water infra projects, these sectors are likely to witness good traction in awarding activity along with building quality infrastructure," the brokerage firm pointed out.
Road players in a sweet spot! 4 stocks that can rally up to 56%
The National Highway Authority of India (NHAI) had awarded 4,788 km and 6,306 km of projects in FY21 and FY22, respectively, surpassing its targets for these years. In FY23, it is estimated that highway projects of 5,500 km would be awarded by NHAI.
Over 95% upside potential! This smallcap stock in bear grip could reverse trend
HG Infra Engineering won orders worth Rs 2,180 crore and Rs 4,330 crore during FY21 and FY22, respectively. The current order book of Rs 7,970 crore provides visibility for 2.2x TTM revenue, it said.Axis Capital sees order inflow in the range of Rs 9,000-10,000 crore in FY23 with EBITDA margins in the range of 15.5-16 per cent.
Market Movers: Defence stocks rally up to 4% after govt's Rs 76,000 cr-push
The government as a council gave preliminary approval to military modernization projects costing Rs 76,000 crore, including the Navy's next-generation corvettes. The approval will help cut India's dependence on imports for military equipment as most of the projects will go to domestic manufacturers.