Ramesh Damani flags new bull market in infrastructure plays
In short
Ramesh Damani pointed to a new bull market in domestic infrastructure stocks, including transformers, cables, power and fibre optics, in a CNBC TV18 Market summary. He said the recent fall in these shares looks healthy after their strong rise.
This matters for investors watching India-focused infrastructure names, since the view suggests the sector may still have room to run even as interest in AI has cooled globally.
What the reporting says
Ramesh Damani signalled a new bull market in domestic infrastructure stocks, including transformers, cables, power and fibre optics, according to a CNBC TV18 Market summary. He said the recent correction in these shares looks healthy after their sharp rise.
Why it matters
Ramesh Damani’s view highlighted domestic infrastructure-linked shares, especially transformer, cable, power and fibre optics companies, as attractive in the current market setup. The CNBC TV18 Market summary said the recent correction looks healthy after a vertical ascent. The note also tied the call to a broader shift away from global AI enthusiasm, suggesting investor attention may stay on local capex and infrastructure themes.