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Shares of road developers were on the uptrend in the Monday morning session with the National Highway Authority of India’ capital expenditure being raised in the Budget.
IRB Infrastructure Developers gained 1 per cent, Sadbhav Engineering jumped 6.6 per cent, Hindustan Construction Co advanced 2.4 per cent and IVRCL was up 2.2 per cent on the markets in the morning session.
National Highway Authority of India's capex has increased 148 per cent year-on-year in the Budget, according to CLSA. Similarly, roads capex has been raised by 54 per cent YoY to Rs 42,900 crore.
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