Shares of National Aluminium Company (Nalco) surged over 4% after China’s Housing Minister announced plans to add one million village urbanization projects. These developments are expected to positively impact industries like aluminium, fueling market optimism.
Key highlights from the briefing included the expansion of bank lending to 4 trillion yuan, the adoption of monetization measures for urbanization projects, and flexible property restrictions tailored by cities based on their economic conditions.
As of 9:26 am, Nalco shares were trading 4.53% higher at ₹227.15 on the NSE.
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