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 Google has made the UI of the blogger (blogspot), so Hopeless, that often I don't feel like updating the blog. Their mobile version is even more worse. Photo: Kiplinger.com

Anyway, both the indices ended flat today: The BSE Sensex, was down 24.79 points or 0.05% to 49,492.32. The Nifty 50 index added 1.40 points or 0.01% to close at 14,564.85. 

Inspite of the fall in the retail inflation, the S&P BSE Mid-Cap index fell 0.63%. The S&P BSE Small-Cap index slipped 0.38%. On the BSE, 1240 shares rose and 1824 shares fell.  

Meanwhile, in November 2920, the IIP witnessed a contraction of 1.9%, reverting back to the declining territory, after rising in the last two months. 

To continue with the negative news China is stepping up restricts on social activities near Beijing, following a rise in the Covid - 19 cases. 

On the other side Japan is set to expand the state of emergency to more areas of the country, in a bid to stem the rise of corona virus cases. 

In Mumbai, the suburban local train services are still in a limbo, probably due to the road transport lobby, who are making hefty money, in absence of local trains - - considered the life - line of Mumbai. 

It is surprising why the same is still closed for MALE passengers, only. The political - gender game has created lot of problems for the average Mumbaikars. 

In such a situation, it is really surprising how the Indian stock makekets are moving up. I would suggest a caution till the government of India comes up with Budget papers for FY22. 

#The stock of Kamath Hotels Ltd (Rs.37.85) have come down to my recommended price. I hope you have taken position today. However, if you have not bought today, then don't buy, as Indian markets could slip down at any time, because the fundamentals don't support. 

#My Core - Pati Scheme will commence from the month of Agrayahan, i. e. post 15 January, 2020. So, those who have shown interest should keep the funds ready, for investment in a news driven scrip.

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