Ambuja, ACC, JK, Ultratech: Will cement stocks crack under pressure?
Source Credit: Nikita Vashisht, Business Standard
New Delhi: Likely weak demand over the next few months as the monsoon season picks up pace, coupled with no price hikes, may keep cement stocks tepid in the near-term, believe analysts. As a strategy, however, they suggest investors accumulate related stocks on dips, encashing benefits of a rebound in the second half of the current financial year 2024-25 (FY25).
Oberoi Realty climbs 9%, hits 52-week high
Bengaluru: Shares of Oberoi Realty climbed nearly 9 per cent on Thursday’s trade. The company’s consolidated net profit for the March quarter of 2024 increased 64 per cent and announced plans to raise up to ₹4,000 crore through issuance of equity shares and non-convertible debentures. On the BSE, the stock hit a 52-week high at ₹1,717.
'Taxes in real estate not high compared to all subsidies': Deepak Shenoy counters broker's queries to FM on high taxes
Hours after a worried broker raised concerns about high taxes in share markets and real estate with finance minister Nirmala Sitharaman at a BSE event, Deepak Shenoy has lent a counter-view on the issue saying that ‘taxes are not high at all in real estate’. The market expert took to microblogging platform ‘X’ and said that he himself is not a big fan of large taxes, but the taxes in real estate are not large at all, compared to all the subsidies one gets in the sector.
