Another winner of Elections; 5 construction & contracting companies having upside potential of up to 56%

Continuation of policies was the buzzword on the street on Monday. The reason was very simple, with strong wins in states, hope on the street is that election 2024 should see the continuation of the same government. which essentially means the sectors which have been in focus for the last nine years will continue to see positive policy push and stability. On top of the list is the infrastructure sector. Beside the steel and cement which are the biggest beneficiary of the infrastructure boom, it is construction and contracting companies which gain the maximum as infrastructure continues to get the push. ET screener powered by Refinitiv’s Stock Report Plus lists down infrastructure stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy".