Jaiprakash Associates Ltd: Beautiful Chart
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After relaxation of the FDI Norms for the construction sector, the National Democratic Alliance government is planning to exempt public-private partnership (PPP) projects from the need to obtain consent of affected families and the mandatory social-impact assessment, through amendments to the land acquisition law. This is going to another, good news for the stocks in the construction sector--the scrips like J P Associates Ltd (Rs.33.15), IVRCL Ltd (Rs.19.70), etc.would be one of the biggest beneficiaries.
Moreover, today, eight metals shares fell by 0.76% to 2.79% on BSE on weak Chinese economic data. The S&P BSE Metal index had underperformed the market over the past one month till 3 November 2014, rising 4.20% compared with 4.86% rise in the Sensex. The index had also underperformed the market in past one quarter, falling 7.61% as against Sensex's 9.34% rise.
However, low price of Steel (or metal) is positive for the construction sector. China is the world's largest consumer of steel, copper and aluminum.
Moreover, today, eight metals shares fell by 0.76% to 2.79% on BSE on weak Chinese economic data. The S&P BSE Metal index had underperformed the market over the past one month till 3 November 2014, rising 4.20% compared with 4.86% rise in the Sensex. The index had also underperformed the market in past one quarter, falling 7.61% as against Sensex's 9.34% rise.
However, low price of Steel (or metal) is positive for the construction sector. China is the world's largest consumer of steel, copper and aluminum.
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