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Analysts pick road-construction stocks on strong order book, NHAI pipeline

At the bourses, shares of HG Infra Engineering, KNR Constructions, and KEC International have surged up to 9.3 per cent since February 1

Construction of the Kanpur-Lucknow expressway is expected to start from December this year, as nearly 70 per cent of the land acquisition is complete.
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Lovisha Darad New Delhi
With the road and transport ministry (MoRTH) seeing a 36 per cent increase in Budget allocation for financial year 2023-24 (FY24), related-stocks are eyeing robust growth outlook in the long term, believe analysts.

At the bourses, shares of HG Infra Engineering, KNR Constructions, and KEC International have surged up to 9.3 per cent since February 1, ACE Equity data shows. Moreover, over the past one year, shares of IRB Infrastructure, NCC, HG Infra, PNC Infratech, and KEC International advanced up to 50 per cent, as against a 6.4 per cent irbrise in the S&P BSE Sensex.

“We believe road-construction related

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First Published: Feb 27 2023 | 10:21 AM IST

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