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    4 construction & contracting companies with "Strong Buy" and "Buy" rating can rise up to 37 %

    Synopsis

    The government spending on infrastructure projects has remained at elevated levels for many years, this had a trickle down effect on many parts of the economy and specially companies which are 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".

    In the last eight years, one thing which has been constantly high is government spending on infrastructure projects. Even during covid, to give a push to the economy, higher allocation to infra spending was done. Be it steel, cement, literally every sector feels the positive impact on spending on infrastructure, bigger impact comes on companies which are in the construction and engineering sector. Even the small companies which get subcontract
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    The Economic Times