Gaining ahead of the Union Budget the infrastructure sector was hopeful that Finance Minister Nirmala Sitharaman would announce a slew of measures to help the sector to beat the current slump. Although the Finance Minister allocated Rs 1.7 lakh crore for transportation infrastructure projects across the country, stocks from the sector showed mixed reactions.
Shares of infrastructure companies were trading in the green on Saturday morning ahead of the budget but the same showed volatility as the finance minister went on with her speech.
GAIL was up 1.78 per cent, MEP infrastructure developers limited was up by 1.34 per cent to trade at Rs 37.75, Ramky Infrastructure Limited gained 4.08 per cent ar 33.20. Gammon Infrastructure Projects Limited was up 14.29 per cent and J.Kumar Infraprojects Limited jumped by 1.68 per cent.
