Unless companies press the pedal on implementation, further stock price gains might be limited, says Hamsini Karthik.
Ashok Leyland, ITD Cementation India have more than doubled.
Of BSE 500 companies, promoters of 142 companies have pledged their holding.
The central government's highway award and construction target for the current fiscal is dominated by the Bharatmala scheme.
These firms owe Rs 13 trillion to lenders and account for 55% of all non-financial corporate debt.
Ajit Mishra, vice president, Research, Religare Broking, answers queries on how to invest in stocks.
The reason for the EPE's relatively low volume of traffic may lie in the lack of adequate safety measures, especially after sundown. Barring intermittent patches, the highway has no street lights.
Experts said equity raising was also hampered due to flight of capital from foreign investors. FIIs have sold more $500 million (Rs 3,200 crore) in October.
Budget in the medium term aims to kick-start the investment cycle.
L&T is the preferred pick, but given the opportunities in the power T&D space analysts are also positive on KEC, ABB and Kalpataru
The S&P BSE Sensex has dipped five per cent, thus far, in CY15.
Experts, however, caution that though the moves are positive for the sector as a whole, they don't expect much gain in the near-term.
Spotlight likely on cement, metals, road cos
'Earnings revival could be two quarters away.'
Hike in planned public-sector capital expenditure will be credit-positive for infra cos
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Some make for good investment ideas even after a strong run-up but others could see gains fizzling.
