Larsen and Toubro, KEC International, Kalpataru Power Transmission II Key stocks to watch out in Budget from Capital Goods sector
Sharekhan says at this stage, Railways’ outlay for capital expenditure was Rs 161000 cr in Budget for 2020-21. With the recently -unveiled National Infrastructure Pipeline and government stress to strengthen railway and urban infrastructure. Higher allocation of capital expenditure is expected in the current budget FY 2021-22. This will provide further momentum to railway expenditure and fasten the government initiatives to strengthen the railway infrastructure (electrification of railways, more of Rapid Regional Transport System, modernisation of railway station, dedicated freight corridor etc.). This will be Positive for Larsen and Toubro, KEC International, Kalpataru Power Transmission, etc.
Amid ongoing military standoff with China and also for promoting indigenous manufacturing of defence equipment there is expectation of a higher allocation of capital expenditure in Budget FY 21-22: Reuters