BNP Paribas believes the “valuations still look reasonable” after the Kolkata-based cigarette-to-hotel conglomerate reported cigarette sales volume that grew, in percentage terms, in their mid-teens, while consumer staples and hotels businesses reported all-time-high operating margins of 10% and 31.5%, respectively.
Will RBI rate hikes intensify selloff in bank stocks? Analysts explain why fears may be overdone
Bank shares have endured steep declines as investors brace for imminent interest rate hikes from the RBI. Some analysts suggest that the recent selloff may
September 30, 2026