Indian businesses are continuing to perform well, especially in sectors such as banks, auto, telecom, capital goods and industrials, according to Chandraprakash Padiyar, Senior Fund Manager at Tata Mutual Fund. While there are pockets of lower growth or profit margin impact, Padiar is optimistic about the ongoing strong numbers. The two-wheeler sector faces volume growth challenges, but some companies are reporting strong profit margins and profitability
Kotak Mahindra MF, Citigroup, others buy 10.64% stake in Home First Finance for Rs 1,307 crore
Kotak Mahindra MF, Fidelity, Morgan Stanley, and Citigroup Global Markets Mauritius are among those entities that collectively bought a 10.64 per cent stake in Home