KNR Constructions, PNC Infratech and Ahluwalia Contracts are top Anand Rathi stock picks in Infra Sector
Q2 FY21 blended actuals ahead of consensus; some stand out. Capital (well-set balance sheet), capacity (proven execution abilities) and character (intent to grow, corporate governance) are key traits which appear to run across Q2 FY21 performers. Of the fifteen names with comparable consensus estimates, revenues for 10 companies while EBITDA margins for 9 were ahead of consensus. Profitability was better for 12 names. In absolute terms, revenues were 4.5% ahead; EBITDA, 7.5% higher.
The recent relief measures announced under Atmanirbhar Bharat 3.0 augur well and highlights the government’s continued focus on the sector: Reuters