The death of Andhra Pradesh Chief Minister Y S Rajasekhara Reddy in a helicopter crash this week is likely to affect infrastructure companies more than any other enterprise in the state-BS
| BUILDING A REPUTATION (Major infrastructure projects under the YSR regime) |
| Hyderabad Metro Rail Project - Rs 12,132 crore |
| NTPC-BHEL Power Projects Private Limited -Rs 6,000 crore |
| Vadarevu-Nizampatnam Ports and Industrial Corridor - Rs 16,800 crore |
| Krishnapatnam Port - Rs 10,000 crore |
| Gangavaram Port - Rs 14,450 crore |
| Tata Advanced Systems helicopter production unit - Rs 1,000 crore |
| 84 Irrigation projects - Rs 1.76 lakh crore |
Taking into account impact of the above news, we look at stocks like IVRCL & LITL on technical basis.
IVRCL (Rs.344)
The stock is near support of Rs.325 breaking which Rs.282 can be possible so caution is advised as last 2days the stock has clocked higher volume.
http://www.ivrcl.com/ui/index.
LITL (Rs.411)
This stock is trading below rising trend line and below 14EDMA=Rs.412, Rs.390 has been triple bottom support recently and with stock making a lower high lower low can be possible.
http://www.lancogroup.com
Will this really impact these stock is very hard to predict but political observers feel Andhra has never seen a stable Congress Chief minister before Late Y.S. Rajasekhara Reddy and stability will be hard to come. Mr. Chandra Babu Naidu is known for his capability to over throw weak administrator like he did with his famous father-in-law late N.T. Rama Roa to come to power.
Death of YSR may hit infra companies http://www.business-standard.com/india/news/ysr\s-death-may-hit-infra-companies/369161/
