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With rising interest rates and persistent inflation, the Reserve Bank of India remains in withdrawal of accommodation mode and India Ratings said, this and a high base effect, would mean that banking system credit would grow at 13.5% y-o-y in FY24, down from 15% in FY23
Is the worst over for one of India's largest footwear companies?
After rising to its lifetime high in recent months, Astral share price has fallen around 21 per cent. Read on to find out why.
Harsha Upadhyaya, President and CIO of Equity at Kotak Mahindra AMC, highlighted that the margin pressures have become evident in Indian IT sector companies. He also stressed that hiring in the industry has witnessed a slump, indicating a slowdown in business momentum.
SRF shares are down more than 12% in the last 5 days. On a YTD basis, the specialty chemical company has fallen 16%.