Larsen & Toubro, RVNL, GMR Airport Infrastructure, IRB Infrastructure Developers, and NBCC India are the top five infrastructure stocks, according to market capitalisation, after the NDA government was sworn in.
With the National Infrastructure Pipeline (NIP) project launched in 2020, India hopes to invest Rs 111 lakh crore between 2020 and 2025, or nearly INR 22 lakh crore annually on average.
Nifty at 23,399, Sensex up 204 points; Nifty Midcap 100 outperformsLarsen & Toubro’s market capitalisation is the highest among the other infrastructure stocks, standing at Rs 4.99 lakh crore as of June 11.
Rail Vikas Nigam better known as RVNL’s market capital stood at Rs 81,500 crore as of June 11.
IRB Infrastructure & Developers’ market capital is Rs 40,745 crore as of the date mentioned earlier.
Larsen & Toubro, RVNL, GMR Airport Infrastructure, IRB Infrastructure Developers, and NBCC India are the top five infrastructure stocks, according to market capitalisation, after the NDA government was sworn in.
With the National Infrastructure Pipeline (NIP) project launched in 2020, India hopes to invest Rs 111 lakh crore between 2020 and 2025, or nearly INR 22 lakh crore annually on average.
Also, the NDA government citing a white paper prepared by the finance ministry said, “From 2014-15 (FY15) to 2022-23 (FY23), the length of national highways increased from 98,000 kilometres (km) to 145,000 km, cargo traffic at major ports has risen from 581 million tonnes (mt) to 784 mt. The electrified rail route has gone up from 22,224 km (FY15) to 50,394 km (2021-22). India’s aviation industry has undergone significant growth and transformation over the past decade. The number of airports doubled from FY15 to FY23.”
Also Read Sebi fines former CNBC Awaaz anchor, analyst Rs 1 crore each Market Capitalisation of BSE listed companies hit record high of Rs 429.32 lakh crore Stock Market Highlight: Markets end higher! Nifty at 23,400, Sensex above 76,800; Nifty Midcap 100 up 450 points Markets close at record high! Nifty at 23,399, Sensex up 204 points; Nifty Midcap 100 outperforms
Larsen & Toubro’s market capitalisation is the highest among the other infrastructure stocks, standing at Rs 4.99 lakh crore as of June 11. The stock has given a return of 142% in the past three years, taking June 11’s closing price.
Rail Vikas Nigam better known as RVNL’s market capital stood at Rs 81,500 crore as of June 11. The stock has given a return of 12.4 times in the last three years. In the short-term, the scrip has risen 2.2 times.
IRB Infrastructure & Developers’ market capital is Rs 40,745 crore as of the date mentioned earlier. It has increased the investors’ wealth by 3.8 times in the past three years. The stock has raised investors’ money by over 5 times in the past five years.
Ircon International gave a return of 4.7 times in the past three years. Its market capital as of June 11 stood at Rs 25,460 crore. The stock has given a return of 6.8 times in the last five years.
KEC International, with a market capital of Rs 21,450 crore, raised investors’ money by 109% in the last three years and more than 2.5 times in the past five years.
