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While the lower-than-expected valuations assigned to Apollo HealthCo came as a negative surprise, analysts remain hopeful of reduced cash burn and rapid expansion for the Apollo Hospitals' arm.
Despite a decent recovery from its 52-week low, Medicamen Biotech is still 35 percent away from its 52-week high
The lender thrived, reporting a Q4 FY24 net profit of Rs 10,708 crore, up 20% from Q4 FY23, driven by robust advances and reduced credit costs despite margin pressure. ICICI Bank achieved an ROA of 2.4% in FY24, showcasing strong performance across the board.
Varun Beverages and Britannia Industries hit a six-week low in FII ownership, while Dabur India and Godrej Consumer Products recorded their lowest FII ownership since December 2015.
Brokerages like Kotak, MOFSL and Citi anticipate pressure on net interest margin to continue to trouble Bajaj Finance in FY25 amid high cost of borrowings.