While capex-linked stocks have seen a sell-off ever since the Union Budget pegged FY26 capex at Rs 11.2 lakh crore, 10% year-on-year (YoY) growth, CLSA said the central government’s ‘real’ FY26 capex is up 19% if one takes into account state capex funding.
“Our deep dive into Budget FY26 points…
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