Road developing stocks face deep potholes despite high order backlog, foreign investment
Updated : August 20, 2019 03:46 PM IST
Share prices of the key road developers Dilip Buildcon, PNC Infratech, KNR Constructions, Ashoka Buildcon, IRB Infrastructure and Sadbhav Engineering have slid around 44 percent since Union Budget 2019 presented on April 5, 2019.
Ashoka Buildcon’s order backlog was at Rs 8,168 crore while KNR Constructions reported order book of Rs 4,633 crore as on June 30, 2019.
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