HSBC maintained a buy rating on Shriram Finance with a target price of Rs 228. A 4% profit beat was led by lower provisions despite higher-than-estimated operating costs.
The government initiatives, including a maritime development fund, MSMe reclassification, and a capex allocation, aim to boost manufacturing and credit demand. Companies like Adani Ports,
While many were talking about the need for interest rate cuts, the real issue at this point was the slowdown in consumption. The government has
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