The Gulf Reconstruction Play: How NRIs Can Track Indian EPC Firms Winning Overseas Contracts

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SumanSpeaks Independent Capital Markets & Geopolitical Intelligence NRI Investing · Gulf EPC Tracker The Gulf Reconstruction Play: How NRIs Can Track Indian EPC Firms Winning Overseas Contracts A record ₹7.79 lakh crore order book at L&T with about 37 percent in the Middle East, a UAE gas pipeline award of over ₹4,000 crore at Kalpataru, a Kuwait desalination win at Wabag and a US$1 billion Gulf pipeline in sight at Engineers India. The evidence is public, and an NRI can follow it from the United States. From the United States, the Middle East usually arrives as a headline about oil, shipping lanes and geopolitics. Look one layer below it and a more practical story appears: power lines, gas pipelines, desalination plants and storage terminals that have to be built, repaired and made more resilient. Indian engineering companies already work in those markets. For a US-based NRI who follows Indian equities, the useful question is which listed firms are turn...
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The Indian bourses closed on a positive note on last Friday.  The BSE Sensex closed at 40,685.50 up 127.01 points (+0.31%), while the Nifty settled at 11,930.35 up 33.90 points (+0.28%). However, the Nifty is likely to face resistance around 12000/12150 ranges. Hence, the Nifty traders should shape their trades accordingly. 

#The scrip of V2 Retail Ltd (Rs.49.95) moved to Rs.50.30 on last Friday. We can look for the completion of targets this week, as festive buying is likely to push up its top and bottomlines. 

#The scrip of Deewan Housing Finance Ltd (Rs.16.65) on last Friday, rallied to Rs.18.35 on the news that  its promoter Kapil Wadhawan had offered his personal property worth Rs.43,000 crore (his claim) as mortgage, against the loans taken by the company. But I don't see much merit in this statement. 

#The scrip of Reliance Power Ltd (Rs.3.30) hit the UC on last Friday, after the company came out with 2 - fold increase in net profit on consolidated basis. However, with debt of around Rs.23,000 crore, I would stay away from the counter. 

#Buy the shares of Ashoka Buildcon Ltd (Rs.63.45) for short term targets of Rs.72/75. The company has an order book of Rs.10,000 crore.

After,  prolonged lull, the real estate sector is likely to move up in the short term, post monsoon and on the eve of Deepawali.

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