Money managers raise their bets on L&T and NTPC
Capex fell substantially in March quarter but capital formation in the economy swelled, says the data; none clear on how this happened
Framework forecasts revenue spending of Rs 20 lakh cr in 2018-19, Rs 22.05 lakh cr in 2019-20
An analyst says, due to excess capacity, investment in manufacturing will not be forthcoming
The brokerage firm's top picks in this space include L&T and BHEL
It has witnessed a jump touching Rs 68,059 cr as compared to the Rs 53,118 cr in the last year
13 states together spent only 22% of total amount budgeted for capex during the April to July/August period this fiscal