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Stocks that were in focus included names like GR Infraprojects, which rose 0.33%, BPCL, which fell 1.49%, and Hindustan Petroleum, whose shares declined 2.54% on Wednesday.
GR Belgaum Raichur (PACKAGE‐5) Highway Private Limited and GR Belgaum Raichur (PACKAGE‐6) Highway Private Limited, wholly owned subsidiaries of the company, have executed the concession agreement for projects worth Rs 1,457.24 crore with the NHAI on August 29, 2023.
In March, the Dibang Power consortium, a joint venture between GR Infraprojects and Patel Engineering, emerged as the lowest bidder for the construction of civil works in the northeast region.
With election season kicking off with Karnataka state elections, the government spending on infrastructure projects, which has remained at elevated levels for many years, may see a further push. Many state governments may rush to complete and announce more of them. This will have a trickle down effect on many parts of the economy and specially companies in contracting and construction. ET screener powered by Refinitiv’s Stock Report Plus lists down stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy&q...
The Relative Strength Index (RSI) provides valuable insights into a stock's momentum and potential price movements. ETMarkets selected 10 stocks from a list of 38 reported by StockEdge on July 31st that have shown notable RSI uptrends.