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Capex outlay allocation has been increased by 11.1 per cent to Rs 11,11,111 lakh crore, accounting for 3.4 per cent of GDP. This, Puri said, will unlock the potential for real estate development across assets because major part of this allocation will be used for various infra upgrades and new projects.
Analysts believe that adequate allocation towards roads, railways, highways, and defence would continue, thereby, benefitting related-stocks in the sector
Mother Dairy is acquiring land in Nagpur to establish a dairy plant, aiming to expand its presence in South India. The plant, which will produce milk and value-added dairy products, is part of the company's ₹700 crore capex outlay approved by its board last year.
“I would say I am cautious in the short term. And I am very optimistic in the medium and long term. Whether you look at laminates or veneers, there is a trend towards premiumisation. People are becoming more expressive with their home, especially post Covid. It will definitely lead to premiumisation in decorative products going forward.”
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