India's L&T, HAL likely to benefit from new govt's capex plans, CLSA says

J Kumar Infraprojects

06/06/2024 09:14

** Infrastructure major Larsen and Toubro (L&T)  LART.NS ,
defence equipment maker Hindustan Aeronautics Ltd (HAL)
 HIAE.NS  among five key beneficiaries from incoming Indian
government's capex plans, says brokerage CLSA  
    ** Diversified construction firm NCC  NCCL.NS , roadway
builders IRB Infrastructure Developers  IRBI.NS  and J Kumar
Infraprojects  JKIP.NS  are brokerage's remaining three picks 
    ** All 5 cos gain between 2.1%-6.2% 
    ** Road transport ministry's plan to award 3,000 kms of
highway projects in first 100 days to aid IRBI,
domestically-made defence projects to benefit LART, HIAE - note
    ** Large orders to be placed across infra and defence
domains "key to market confidence", adds CLSA
    ** Bets on continuing capex support benchmarks to trade
higher on the day  .BO 

 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))