AVERAGE HOUSE
Nifty rides with bulls, can hit 24,600: Analysts
Stocks expected to show bullishness include Reliance, ICICI Bank, LIC Housing Finance, Grasim, Praj Industries, Biocon, Apollo Tyres, Tata Motors, and BEL. Consider a moderately bullish strategy using a Bull-Call Spread for the July 4 weekly expiry.
Mumbai property market sets yet another benchmark, records best-ever June; registrations rise 12%
Mumbai, India's largest and priciest property market, has achieved a new milestone by recording its highest-ever property registrations for the month of June. In June, the city saw 11,538 property registrations, marking a 12% increase from the previous year. This led to the state exchequer collecting over Rs 998 crore in stamp duty revenue, reflecting a 16% year-on-year rise
Three children die after under-construction house wall collapses in Greater Noida
After heavy rains hit Delhi-NCR, three children died when the wall of an under-construction house collapsed in Khodna Kalan village, Greater Noida. Eight children were trapped; three were declared dead, and five are being treated in the hospital. Relief operations are ongoing. Additionally, a canopy collapse at Delhi's Indira Gandhi International Airport's Terminal 1 killed one person and injured eight. Flight operations from Terminal 1 are suspended. Delhi recorded 228.1mm of rain in 24 hours, the highest in June since 1936. Further investigations are underway.
Moody's assigns Ba3 rating to Piramal Capital and Housing Finance, outlook Stable
he rating agency said that Piramal Finance is driven by its high capitalization and an increasingly diversified portfolio mix, offset by its relatively low profitability, risks from its legacy real estate exposures and wholesale funding.
Housing sale decline by 8% Q-o-Q as prices continue to rise
During the April-June quarter, residential sales witnessed an 8% drop compared to the previous quarter, attributed to the election season, heatwave, and rising property prices. Anarock data shows that 1,20,340 units were sold in Q2 2024 across the top 7 cities, down from 1,30,170 units in Q1 2024.
Affordable housing suffering; luxury continues to show bumper sales: Gulam Zia
Commercial real estate also is doing phenomenally well. If I have to give a few numbers, the last quarter and we saw almost about 14 to 15 million square feet of gross absorption of office space in the country, the top seven-eight markets that we always talk about.
F&O Stock Strategy: How to trade Apollo Tyres and LIC Housing Finance
Apollo Tyres breakout signals strong buying interest. Accumulate in the 520-515 zone with a stop loss at 500, targeting 550 in the short term.
Cheapest homes under $200,000 in the US: These are the cities where you can buy them
According to various property dealing websites and realty consultants, there are still chances you might find homes worth $200,000 in different cities in the United States. Whether they will suit your requirements lies at your discretion but it's still worth a short, looking at the importance of real-estate investing in recent days.
Time to revisit as regulatory tightening cleans up the sector: 5 housing finance stocks with upside potential of up to 25%
Housing finance as a sector, has been at the forefront of bearing the brunt of both regulatory changes and also different scams at different points of time. But then it has thrown winners like HDFC and losers like DHFL. So, this is a sector which is bound to grow given the fact that demand for housing is always going to rise. What matters is which stock one owns and also another factor is the time frame with which it has been bought. The reason for the time frame is that this sector has to deal with interest rate cycles and also regulatory changes which makes the stock prone to phases of under performance. In the last one year, since the time RBI has been overhauling the regulatory provision of every segment of financial services these stocks have underperformed , but now recently once again they are showing signs of life coming back.
How to invest in the real estate sector with a small amount of capital?
There are ways in which investors with even little capital can invest in the real estate sector which is booming. These methods offer rich dividends and individuals can manage their investment portfolio successfully.
Government's focus on housing and infrastructure to continue: Karthik Srinivasan
As I said in terms of GDP growth, we do expect the country to continue in 6.5% to 7% kind of growth rates for next couple of years
Robust housing demand helps in faster inventory liquidation
Residential property markets in the top seven cities - Mumbai, Delhi-NCR, Pune, Bengaluru, Chennai, Hyderabad and Kolkata - have witnessed a significant 31% decrease in the time taken to sell active unsold housing inventory, showed a JLL analysis.
World stocks at record high after cautious ECB rate cut
It was enough to snip the pan-European STOXX 600's gains back to 0.6%, while the euro inched up to almost $1.0890 against the dollar and government bond yields - which reflect borrowing costs and move inversely to price - ticked up too.
Unsold housing stock up 24 per cent in top 7 cities, builders need 22 months to sell: Report
Unsold housing stocks in seven major cities have risen by 24 per cent since 2019, totaling about 4,68,000 units in March 2024. However, realty firms are expected to sell them 31 per cent faster due to high sales velocity, according to JLL India. The time to sell the active unsold inventory has decreased from 32 months in 2019 to just 22 months in Q1 2024, driven by a surge in housing demand.
India's top 7 cities see 31% decline in time to liquidate unsold housing inventory
According to him, time needed to sell the unsold inventory in the premium segment has dropped from 51 months in 2019 to 29 months in the first quarter of 2024, showcasing the strong sales momentum in this segment. Apartments belonging to ticket size category of Rs 3 crore and above, have also witnessed a 11% reduction in time to sell during the same time.
These midcap stocks with ‘strong buy’ & ‘buy’ recos can rally over 25%, according to analysts
One segment of the markets which was most vulnerable to election results was the mid-cap segment of the market for one simple reason, valuations have been on the higher end. Now that a part of the election anxiety is behind as a new government gets formed. Once again the focus is back on the mid-cap. There are selected stocks from different sectors where analysts are bullish in time where there is rotational trade likely to take place in the next couple of months. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". This predefined screener is only available to ET Prime users.
Tokyo stocks open lower
Tokyo stocks opened lower on Wednesday, weighed down by a stronger yen against the dollar despite gains on Wall Street. The dollar fetched 155.35 yen in early Asian trade, up from 154.80 yen in New York, but still down from 155.91 yen in Tokyo late Tuesday.
Stocks to buy: Bet on stocks with good entry points now; 5 stocks with up to 27% upside potential
Stocks to buy: Identifying recently corrected stocks with good fundamentals can be effective in the current market. Moving averages help distinguish between stocks in correction and those in a bear trend. Stocks that have seen a recent correction and are fundamentally sound can prove good investment bets.
8,360 candidates in fray in 2024 LS polls, highest since 1996
A total of 8,360 candidates are contesting the ongoing Lok Sabha elections, the highest since 1996. The number of candidates per constituency has increased from 4.67 in 1952 to 15.39 in 2024, marking a significant rise from previous elections. The first Lok Sabha elections in 1952 had 1,874 candidates, while the 2014 elections saw 8,251 candidates participating.
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