Morgan Stanley Believes L&T, NTPC, Titagarh & Ultratech Cement To Get Boost From India's Capex Boom

Morgan Stanley highlights Larsen & Toubro, NTPC, Titagarh Rail Systems, and Ultratech Cement as major beneficiaries of the government's infrastructure spending. The capex boom is anticipated to reduce inflation and enhance corporate profitability. According to Morgan Stanley, the momentum in India's infrastructure development over the past decade is set to continue, with infrastructure investments expected to rise from 5.3% of GDP in FY24 to 6.5% by FY29, reflecting a strong 15.3% CAGR. Watch this report from BTTV's Sakshi Batra.