JPMorgan picks Vedanta, Polycab among 30 stocks across 5 sectors; check full list
JPMorgan upgraded its rating on the industrials sector from ‘Neutral’ to 'Overweight', driven by strong government-backed infrastructure spending and electrification demand, defense modernisation and indigenisation push and manufacturing expansion. It explained that the government is reaccelerating infra capex and advancing asset monetisation, keeping the award pipeline healthy. The cycle is also broadening beyond traditional infrastructure into data centers, electronics, energy storage and grid upgrades, benefiting HV equipment, construction conglomerates, cables & wires and the broader capital goods space. EPC companies are also poised to benefit from the Middle East reconstruction efforts, following the devastation caused by the recent Middle East conflict, it added. The sectoral stocks named by JPMorgan include Larsen & Toubro (L&T), Bharat Electronics (BEL), Adani Ports, NTPC, Power Grid, CG Power, GE Vernova T&D, Hitachi Energy and Polycab. Industrials
JPMorgan upgraded its rating on the industrials sector from ‘Neutral’ to 'Overweight', driven by strong government-backed infrastructure spending and electrification demand, defense modernisation and indigenisation push and manufacturing expansion. It explained that the government is reaccelerating infra capex and advancing asset monetisation, keeping the award pipeline healthy. The cycle is also broadening beyond traditional infrastructure into data centers, electronics, energy storage and grid upgrades, benefiting HV equipment, construction conglomerates, cables & wires and the broader capital goods space. EPC companies are also poised to benefit from the Middle East reconstruction efforts, following the devastation caused by the recent Middle East conflict, it added. The sectoral stocks named by JPMorgan include Larsen & Toubro (L&T), Bharat Electronics (BEL), Adani Ports, NTPC, Power Grid, CG Power, GE Vernova T&D, Hitachi Energy and Polycab. Industrials
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