The Economic Times daily newspaper is available online now.

    ITD Cementation, NBCC, EIL likely to benefit more from Budget: Prakash Diwan

    Synopsis

    "The order book is impressive enough so the PSU space is going to be very clearly rewarded with these kind of players getting the benefit."

    ET Now
    In a chat with ET Now, Prakash Diwan, Director, Altamount Capital Management, shares his views on PSU stocks.

    ET Now: Is there a PSU name that you would or a PSU space that you would be comfortable betting on because you believe that there will be some or the other benefit that could come into that pocket in the budget because largely people who have invested in the PSU space have got a disappointed safe or maybe the defence companies so to say, is there a PSU pocket that you are actively monitoring?

    Prakash Diwan: There are very few players in the EPC area. ITD Cementation that could come very close to it. The order book is impressive enough so the PSU space is going to be very clearly rewarded with these kind of players getting the benefit.

    Apart from that, Engineers India Limited is the other one which I see benefitting out of tremendous spree of expansion in terms of infrastructure and NBCC, so they may not all fall in the same pocket of sorts, but if you choose and pick some of these PSUs which are leadership areas of work, they definitely will benefit tremendously out of this.




    Read More News on

    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more


    Read More News on

    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
    The Economic Times

    Stories you might be interested in