The Indian steel industry is on the path of revival, as the government’s infrastructure push has provided a much-needed impetus for a struggling sector. Despite global challenges, this sector is finding its feet and recorded increased production volumes in the first half of FY24.
16 analysts provide a consensus recommendation of Buy for PayTM with a share price target of Rs. 1002, indicating that analysts remain optimistic about the stock despite recent regulatory changes.
Total number of passengers carried by domestic airlines rose by 10.8% YoY in October to 126.4 lakh. Total departures by scheduled carriers also increased by 6.1% YoY to 88,008. The sector is expecting higher profits for the December quarter.
In November, the Nifty 50 breached the 20,000 mark and delivered a 5.5% return for the month. November’s festive season with Diwali and other major festivals, gave the Indian economy a major boost.
In November 2023, Consumer Price Index (CPI) inflation and Wholesale Price Index inflation rose.
The unemployment rate fell after reaching a two-year high in October, while Foreign Institutional Investment (FII) outflow surged. Additionally, crude oil prices and consumption decreased.
In November 2023, private insurers sold around 6.6 lakh policies, and their first-year premium declined by 9.3% YoY to Rs 10,360.3 crore. In contrast, LIC sold 13.8 lakh schemes and saw a 32.9% YoY decline in first-year premium to Rs 16,134.6 crore. Its market share also declined by 6.9 percentage points.
