We believe the PSU banking space is more of a play with the short-term perspective because many of them, whenever traction comes up and builds up in the space, definitely performs but with the short term perspective.
Dabur India shares dropped over 4% on Thursday after reporting Q1 earnings. The company announced a 15% rise in net profit and 11% revenue growth.
SML Mahindra shares surged on Thursday after the company announced the Rs 525 crore acquisition of Mahindra & Mahindra’s Truck and Bus Division. Analysts view
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