Announcement that have caused steel and cement companies to feel bulish are a 33% increase in alocation for key infrastructure sectors, 66% higher outlet for Pradhanmantri Aawas Yojana, higher even outlet for Railways in the last decade and plans for 50 new airports.
Each of these are expected to further boost the already robust demand for steel and cement.
Railways and 50 new airports are also positive for the sector said Ravleen Sethi, associate director care edge ratings.
In their budget review analyst at Angel Broking noted that PMAY will help generate demand for housing projects and this will be positive for all cement companies. UltraTech Cement, JK Lakshmi Cement and others.
Announcements regarding the improvement of first and last mile connectivity is expected to each logistics for the metal sector, Vikram Mehta partner mining and metals leader in India said.
The anouncement about the improvement of last mile connectivity is a significant plus for the sector.
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