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The firm also highlighted the government’s strategy to increase capital expenditure while managing revenue expenditure for deficit control. A significant uptick in power sector capex was recognized as a key driver of infrastructure growth.
Preferred stocks listed by the firm include Titagarh Rail Systems Ltd, RITES Ltd, and IRCON International Ltd in the railways sector; Hindustan Aeronautics (HAL), Bharat Dynamics Ltd in defense; and Larsen & Toubro (L&T), Siemens, BHEL, Hitachi (OTC:HTHIY) Energy, Kirloskar Oil Engines in industrials.
Additionally, Antique Stock Broking underscored the potential of technology industrials companies such as Siemens, CG Power, Honeywell (NASDAQ:HON) Automation, ABB, and Linde (NYSE:LIN) India. The firm also noted the influence of Production Linked Incentive (PLI) schemes and other initiatives on localization across various sectors.
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