Among the sectors most affected by the fallout of downgrades for IL&FS Transportation Networks (ITNL) is road infrastructure. Listed players in this space have lost up to half their value from the highs seen a few months ago.
While IRB Infrastructure, Ashoka Buildcon, Sadbhav Engineering, KNR Constructions hit their 52-week lows on Friday, there was little demand for the stocks of Dilip Buildcon and PNC Infratech. These players were in the spotlight a few months ago after the government announced the fast-tracking of projects in the road segment. Strong order flows from the National ...
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