Road Construction Stocks

Analysts pick road-construction stocks on strong order book, NHAI pipeline

At the bourses, shares of HG Infra Engineering, KNR Constructions, and KEC International have surged up to 9.3 per cent since February 1

IRB Infra up 4% as it emerges preferred bidder for Rs 2,132 cr BOT project

The company has fixed Wednesday, February 22, 2023 as the 'Record Date' for the purpose of determining the eligibility of shareholders for the purpose of sub-division /split in the ratio of 1:10.

Infrastructure stocks in focus; PNC, HG Infra, Ashoka Buildcon soar upto 7%

HG Infra and PNC Infratech hit respective 52-week highs in trades so far on Monday

IRB Infra dips 4% on profit-booking; board approves 1:10 stock split

Despite of today's decline, in past one month the stock has gained 12 per cent and ralllied as much as 45 per cent in the last three months.

HG Infra wins NHAI project worth Rs 997 crore; stock surges 8%

The project namely construction of six lane greenfield Karnal Ring road starting from NH44 near Village Shamgarh and terminating at Karnal Munak Road Vill Samalakhal in Haryana.

Govt to launch first surety bonds for road contractors on December 19

Will provide relief to contractors, free working capital stuck in bank guarantees, says Gadkari

Order rebound could lead to uptick for road infrastructure players

NHAI has front loaded awards because there was a large number of awards in April 2022

Highway construction pace in Oct falls 20% YoY in another month of decline

Dip in October has severely dented prospects of road ministry meeting its target of constructing 12,000-14,000 km of highways in 2022-23

PotHoleRaja: How one start-up is fixing roads the eco-friendly way

PotHoleRaja has grown from small pothole-fixing drives to a dedicated network of volunteers and is working today with some of the biggest corporations and organisations in the country to build roads

PSP Projects surges 6% as company bags new orders worth Rs 247 cr

With receipt of the current order, the total order inflow for the financial year 2022-23 till date amounts to Rs 1,344.24 crore, the civil construction company said in an exchange filing.

Analysts bullish on road, highway developers on infra push, cheap valuation

Analysts remain positive on the road/construction sector given healthy order books providing good revenue visibility, controlled working capital, value unlocking

Ashoka Buildcon gains 5% on receiving LOA from NHAI for Rs 726 cr project

The company has received letter of acceptance from NHAI for development of Memmadpur (Ambala) - Banur (IT City Chowk) - Kharar (Chandigarh) Corridor for a bid price of Rs 726 crore

GR Infraprojects IPO: Here's all you need to know about the issue

A day ahead of the IPO, the company allocated 3.38 million shares at Rs 837 per share to 22 anchor investors and successfully raised Rs 283.3 crore

PNC Infra surges 9%, nears record high on strong order book position

As of March 31, 2021, the value of contracts under PNC Infartech's execution stood at Rs 11,648 crore

Road & highway construction firms rally up to 13% on infra push in Budget

The Finance Minister announced an allocation of Rs 1.18 trillion for the Ministry of Road Transport and Highways

Road construction relaxation not enough to buy related stocks, say analysts

The relaxation will not help many of the listed players and it will be a while before activity begins for them. There coud be labour-related issues.

PNC Infra, Sadbhav: 5 road construction stocks IDBI Capital is betting on

The fact that construction companies are fully dependent on government for orders makes it an important event for companies in the road construction segment from order book / revenue perspective.

Analysts cautious on road construction stocks despite govt's infra push

High earnings visibility, manageable debt-equity levels factors to consider

Pace slackens for road construction scrips

The bull run for road construction stocks began in 2013 in anticipation of the Bharatiya Janata Party (BJP) being voted to power at the central government. It gathered momentum when Narendra Modi took office as prime minister. Between 2013 and 2014, most stocks of road construction entities had doubled or even trebled. The party didn't last too long, starting to fade away in early 2015. Over a year, NCC has risen by onely three to four per cent, while returns have slipped into a negative zone for Sadbhav Engineering, Ashoka Buildcon, J Kumar Infrastructure and IRB Infrastructure (see table) in this period. The few exceptions include ITD Cementation and IL & FS Transportation, which have returned 21 per cent and 10 per cent. Clearly, the hope rally has faded away and it's time for companies to step the pedal on execution. It's time the National Highways Authority of India (NHAI) and ministry of road transport and highways step up infrastructure spending. In order words, unless the .