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5 stocks from infrastructure space with "Strong Buy" and "Buy" ratings can rise up to 50 %

5 stocks from infrastructure space with "Strong Buy" and "Buy" ratings can rise up to 50 %
iStock

Synopsis

For the last nine years, one thing which has remained constant in every budget has been the focus on building infrastructure. Budget 2023 also saw government spending on infrastructure projects at elevated levels. Spending on infra has a trickle down effect on many parts of the economy. 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".

By ETMarkets.com
10 mins read,
Like all the year, budget 2023 had one focus area, higher spending on infrastructure projects. It should not surprise many as even during covid, to give a push to the economy, higher allocation to infra spending was done. A number of state governments have been increasing their spending on infrastructure projects like bridges and roads. While the trickle down impact on higher spending on steel and cement is well known, the bigger impact comes on

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