Infrastructure stocks recover from last week's falls

Tags: Companies
Shares in infrastructure and capital goods companies gained after last week's falls were seen as excessive, traders say. Infrastructure stocks were the major gainers of a near 20 percent rally in the broader NSE index this year on hopes the new Modi government would make a major push to boost infrastructure.

But shares fell last week due to disappointment that the budget lacked major initiatives for the sector. Still, traders note they still expect new initiatives from the government going forward.

Shares in engineering and construction major, Larsen and Toubro Ltd gain 1.4 percent. The stock fell 9.7 percent in the previous week but is still up 52.9 percent so far this year.

Bharat Heavy Electricals Ltd is up 1.2 percent after falling 15.1 percent in the previous week. The stock is up 31.2 percent so far this year.

GMR Infrastructure Ltd gains 1.9 percent after falling 17.7 percent in the previous week, while GVK Power and Infrastructure Ltd, which fell 14.6 percent last week, is up 1.3 percent.


  • Everybody who contributes to India’s economic growth must be paid well

    Private sector blue chip companies are known to pay top dollar for top-level talent. Directors in such companies take home hefty pay packets.


Stay informed on our latest news!


Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs


Amita Sharma

Smart cities for the smart citizens

The 21st century has been spoken of as the urban ...

Zehra Naqvi

The prejudiced childhood

Sometimes the most unusual things can remind you of the ...

Bubbles Sabharwal

Women of the world, unite for a change

Last week I attended the Women in the World forum ...


William D. Green

Chairman & CEO, Accenture