Can govt's infra push revive private capex?
The government had amped up its capital expenditure for infrastructure at a challenging time when private sector spending had subdued
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The government had amped up its capital expenditure for infrastructure at a challenging time when private sector spending had subdued
The Interim Budget 2024, to be presented by Finance Minister Nirmala Sitharaman, is expected to impact investors in rail, defence, and other capex-related stocks. The budget is likely to continue its focus on infrastructure development, including ports, airports, railways, and highways. Last year's budget allocated the highest percentage of expenses towards capex in two decades, indicating a long-term planning approach by the government.
During this timeframe, ETMarkets has spotted 8 largecap stocks that have delivered noteworthy returns.
Some of the top themes this interim budget will focus on include rail, infra, defence, manufacturing, clean tech, and affordable housing
The stock traded at a P/E multiple of 38.8, while the price-to-book value ratio stood at 5.14.