Stocks That Will Gain From The Rs 1,00,000 Crore Smart City Push

Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    The Narendra Modi government has recently approved the Smart Cities Mission for Development of 100 smart cities and the Atal Mission for Rejuvenation and Urban Transformation (AMRUT) of 500 cities.

    Stocks That Will Gain From The Rs 1,00,000 Crore Smart City Push
    According to news reports in the Hindu both the projects together have an outlay of Rs 1,00,000 crores.

    This is a sizeable amount and if the thrust happens, we could see a huge demand for steel, cements, paints, infrastructure etc. Here are a few industries and companies that could gain.

    Ultratech Cement, Ambuja Cement and ACC Ultratech Cement is the largest manufacturer of white cements and gray cement in India.

    The company along with other players like Ambuja and ACC are likely to be the direct beneficiaries of such a smart city push, as cement demand is likely to surge.

    Infrastructure companies

    Companies like L&T, Gammon India and HCC, which have a proven track record in executing turnkey projects are also likely to benefit.

    These companies may see order book soaring on account of the decades of experience that these companies have in the field.

    Consumer goods and electrical goods manufacturers

    One cannot think of a house without a geyser, fan or a light.

    Companies like Bajaj Electricals, Crompton Graves, Havells India, which are major players in these categories along with electrical switch manufacturers are likely to be the direct benefeciaries.

    Paints

    Most of the paint companies like Asian paints, Kansai Nerolac and Berger are also likely to see demand soaring.

    It's important to remember that some of the stock prices of the above mentioned companies has run up very fast.

    Therefore, before you venture into buying these stocks it would be better you waited for some reaction and enter them at lower levels.

    Just because there is an outlay on smart cities you should not rush to buy the same.

    GoodReturns.in

    Read more about: kansai nerolac bajaj auto
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'
    India's LARGEST EVER political poll. Have you participated yet?

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more