Promoters, FIIs and DIIs have increased stakes in 12 companies during June FY24 quarter. Most of these stocks rallied up to 230% in the past three months and 290% in the last six months.
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