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In a key development for the country’s auto sector, Indus Motor Company Limited (INDU) announced that its board has...
Indus Motor Company (IMC) reported on Thursday a profit of Rs4.96 billion for the half-year ended December 31, 2023,...
Sumit Agrawal, Fund Manager at Bandhan AMC, discusses the changes in exposure in various sectors. They have reduced exposure to large private sector banks and moderated exposure in the IT sector. They continue to be overweight in the auto sector, especially two wheelers and two wheelers related OEMs. They are also overweight in the pharma sector, particularly domestic pharma.
Producers of lithium and nickel have paused projects after prices collapse and momentum slows for electric-vehicle sales.
Indian equity markets ended the week on a high note with the frontline indices garnering over a percent amid strong macro-economic data.