Election push coming ? 4 contracting companies with ‘Buy’ recos have upside potential of up to 29%
Synopsis
Before the general elections of 2024, there are many states which will be going for elections. Historically, in an election year, two things happen: one state government tends to push for completion of infrastructure projects so that they may showcase that as their achievements. Second, more money gets pumped into the system. 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" or a “hold”.
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