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Road still potholed for infrastructure firms
Infrastructure stocks got some respite in January on the hope that interest rates would ease and benefit them in the form of lower interest costs and kick-start the capex cycle as well. Rates have eased partially, but most stocks have corrected significantly after rising sharply. Since February 21, the day the Sensex closed at the highest levels in 2012, most of the stocks, including Hindustan Construction
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