E&C sector on solid ground; FY24 likely to see outperformance

Despite outperformance, sector stocks have a potential upside of 15-25% in the next 12 months

Devangshu Datta | Mumbai
Last Updated at January 13, 2023 09:54 IST

India’s current account deficit could inch up to about 3.4% of gross domestic product in the fiscal year that ends in March, Samiran Chakraborty said. (Photo: Bloomberg)

The engineering and construction (E&C) sector delivered an excellent performance in the last two financial years (FY2021-22 or FY22 and FY23’s nine-months) and there’s reason to believe that FY24 will also see outperformance. The sector has emerged from the pandemic with stronger balance sheets and more rational cost structures.

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