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Maharashtra election results boost infrastructure stocks and investor confidence
J Kumar Infra, L&T, and other EPC firms saw significant gains as investors anticipated policy continuity following the Mahayuti alliance's victory in Maharashtra. The BSE India Infrastructure Index rose 3.5%, with J Kumar Infraprojects surging 16% and L&T up 4.2%. The government awarded projects worth Rs 1.5 lakh crore in the first seven months of the fiscal year, with major contracts going to key players in the region, bolstering expectations for a robust capex cycle ahead.
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