Real Estate

Analysts bullish on construction, engineering


The Indian government announced during the annual budget on Feb. 1 that the country will increase infrastructure spending by 33% to 10 trillion rupees ($122.29 billion) in the next fiscal year.

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Indian markets have been volatile as the Adani crisis continues to dominate headlines, but analysts say this could be a buying opportunity.

In particular, some are bullish about the construction sector and say an infrastructure push could benefit cement stocks.

In a January note, Bernstein analysts led by Venugopal Garre, said they were “generally optimistic about the real estate cycle and the potential for a better rural environment.”

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