Budget 2021 brings infra sector back in focus; bet on these 20 stocks to reap the gains
In her Union Budget 2021 speech, Finance Minister Nirmala Sitharaman announced a National Bank for Financing Development (NaBFID) to help in the process of infrastructure financing in the country. February 04, 2021 / 10:32 AM IST
The Union Budget 2021 seems to have brought the infrastructure back to investors focus as the stocks from this space have been witnessing traction since February 1.
On the Budget day on February 1, the S&P BSE India Infrastructure Index jumped almost 6 percent; on the following day, it logged a gain of nearly 3 percent.
On February 3, the index rose about 3 percent in intraday trade to hit its 52-week high level of 204.5.
01/13/2021 | Press release | Distributed by Public on 01/12/2021 20:43
AIIB Forecasts Five Key Infrastructure Trends in Post-COVID Recovery
The Asian Infrastructure Investment Bank (AIIB) is identifying five emerging infrastructure trends that will shape Asia s post-COVID-19 recovery that are based on the Bank s experience and analysis over five years of operations. These trends reflect the need for the infrastructure sector to manage the short-term challenges of the pandemic and the global economic crisis, following which the sector must adjust to mid- to long-term drivers like demographic changes, climate change and the ongoing digital transformation.
On the eve of its fifth anniversary, AIIB has evaluated how the Bank should support its clients and members to navigate these trends to make infrastructure a key element in revitalizing the economy by generating short-term income, long-term growth and ensuring environmental sustainability.