Within the confines of the available fiscal space, the government is channeling enough for capex which is almost 40% of the additional total outlay. This is being directed to roads, railways, and defence and it can have positive linkage effects with industries like steel, cement, capital goods etc, Way2Wealth said.
L&T shares fell 6.05 per cent to hit a low of Rs 3,413.55 on BSE. With this, the stock's year-to-date returns have fallen in the negative terrain. The scrip is still up 61 per cent in the past one year.
L&T shares fell 6.05 per cent to hit a low of Rs 3,413.55 on BSE. With this, the stock's year-to-date returns have fallen in the negative terrain. The scrip is still up 61 per cent in the past one year.