Construction stocks outlook: 3 construction cos that may record up to 35% revenue growth in two years
Synopsis
The buoyancy in the order books is largely driven by the contribution from the social infrastructure segment including building educational institutions, hospitals, affordable houses and water segments.
ET Intelligence Group: The stocks of construction companies have been weak over the past month following concerns over project execution amid the second wave of the pandemic. The ET Construction index has lost 7% during the period compared with 0.9% drop in the benchmark Nifty 50. What may offer solace to investors is the rising order booking by companies reflecting a gradual economic recovery.
According to the data from Edelweiss Research, the
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