 "India's construction market to be third largest in the world by 2025")
Shares of infrastructure companies have rallied up to 20% on the bourses after the government on Wednesday approved new norms for the construction sector that will help in quicker resolution of disputes to kick-start stalled projects and make access to financing easier. LINK
Among the individual stocks, HCC (up 20% at Rs 27.50), Simplex Projects (17% at Rs 30.85), Gammon India (14% at Rs 16.80), ARSS Infrastructure Projects (11% at Rs 89), GVK Power & Infra (9% at Rs 6.77), Punj Lloyd (10% at Rs 22.85), IVRCL (9% at Rs 5.25), Simplex Infrastructure (7% at Rs 316), Atlanta (7% at Rs 60.85) and Supreme Infrastructure (6% at Rs 100) are up more than 5% each on the BSE.
At 02:12 pm, the S&P BSE Sensex was up 0.39% at 28,453. The S&P BSE Capital goods index, the largest sectoral gainer, up 1.3% or 197 points at 15,199.
Among the individual stocks, HCC (up 20% at Rs 27.50), Simplex Projects (17% at Rs 30.85), Gammon India (14% at Rs 16.80), ARSS Infrastructure Projects (11% at Rs 89), GVK Power & Infra (9% at Rs 6.77), Punj Lloyd (10% at Rs 22.85), IVRCL (9% at Rs 5.25), Simplex Infrastructure (7% at Rs 316), Atlanta (7% at Rs 60.85) and Supreme Infrastructure (6% at Rs 100) are up more than 5% each on the BSE.
At 02:12 pm, the S&P BSE Sensex was up 0.39% at 28,453. The S&P BSE Capital goods index, the largest sectoral gainer, up 1.3% or 197 points at 15,199.
