In recent sessions, the Chinese stock market has experienced a significant resurgence, outpacing all major global indices as investor demand for Chinese stocks surged to new heights, driven by the government’s stimulus measures. These initiatives have attracted investors back to one of the world’s most heavily-battered markets. The CSI 300 index, which had plummeted by … Read more
Metals companies are expected to report a mixed bag for the three months ended March (Q4FY24), with ferrous metal companies projected to see a drop in profits, while non-ferrous metal firms would likely be on a strong footing. Despite an increase in volume, ferrous metal companies suffered from a decline in prices, worsened by higher … Read more
Foreign brokerage firm CLSA has reiterated its cautious stance on the Indian steel sector citing higher valuations and incremental shift in the profit pool towards miners. The brokerage has downgraded Tata Steel to ‘Sell’ from ‘Outperform’ and cut its target price to ₹135 from ₹145 per share. It has also downgraded JSW Steel to ‘Sell’ … Read more