India's Make in India Push Boosts Construction Stocks

The Indian government is thinking about giving a lot of money, around ₹23,000 crore, to help make things like construction equipment and car parts in India instead of buying them from other countries.

This is part of a big plan called 'Make in India.'

Three companies that make construction equipment—ACE, BEML, and Ajax—could get a lot of benefits from this.

ACE is really good at making cranes and wants to make more money by selling to the defense department and other countries.

BEML is trying to make more money by selling things to the defense department and making trains for cities.

Ajax is the biggest seller of a special kind of truck that mixes concrete and wants to make other kinds of concrete equipment too.

All these companies could make more money if the government gives them the money they are talking about.