Shares of construction firms have rallied on the back of strong execution and the resultant improvement in revenue growth over the last few quarters. Road construction firms, such as PNC Infratech Ltd, KNR Constructions Ltd, Sadbhav Engineering Ltd and NCC Ltd, have gained 32%, 35%, 22% and 11%, respectively, since January. During the same time, the Nifty Midcap index lost 4%.
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