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HDFC Life to raise exposure to capital goods stocks on govt infra push

Modi's government has pledged to spend billions of dollars under its "housing for all" programme

Reuters  |  MUMBAI 

HDFC Standard Life Insurance Co is looking to invest more in the capital goods sectors and a range of companies that are expected to benefit from a major government push to build more homes and roads. Funds are likely to be put into cement makers, suppliers of building materials such as tiles and paints, and financiers of the road and housing projects, Prasun Gajri, chief investment officer at HDFC Life told Reuters. "I think the entire capital goods sector could start looking better than what it has been in the past," said Gajri, who oversees management of more than ...

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First Published: Fri, November 24 2017. 14:06 IST