Tue, May 7, 2024 11:39 AM
Stocks to buy: HDFC Securities recommends Sanofi India, United Spirits
A Flip by Riya Sharma
After prolonged dithering, China has finally announced steps to address the near collapse of its mammoth property sector by allocating billions of dollars to buy back unsold homes and repurchase idle lands to resurrect its bankrupt real estate sector, which once constituted the mainstay of its economic growth.The People’s Bank of China has announced that it would establish a 300-billion-yuan.
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Over the past month, the Indian market has been dilly-dallying around the ground of the all-time range. Nifty50 is trading within a broad range of 1000 points, between 21,800 to 22,800. Although the market lacks a clear direction, it shows a positive trend as there has been no loss in investor value. The country’s total market capitalisation was sustained up by 2%, from Rs. 394 trillion.
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JSW Steel expects to improve margins in the ongoing fiscal year, driven by cooling input costs, rising steel prices, and enhanced operational efficiencies, Jayant Acharya, joint managing director and chief executive, said."We had a strong financial year (FY24) in spite of Q4 challenges. We expect that FY25 will continue to be good as well," Acharya told Mint.
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