The stock of mid-sized construction company HG Infra Engineering has gained close to 9% since the company announced its June 2024 quarter financial results on August 5 compared with 1.2% gain in the ET Construction Index.
Positive macro already priced in, market needs fresh earnings trigger: Sanjeev Prasad
Kotak Institutional Equities’ Sanjeev Prasad observes the Nifty 50 index is range bound. Valuations are expensive, but macroeconomics are decent. Earnings growth faces challenges from