CLSA said auto stocks are fairly valued led by a sharp rally in the stock price. “Recovery in volume growth seen in the two-wheeler segment. Affordable Electric 2-W are likely to come as a drag in margins. Expect premium motorcycles to grow faster,” said the note.
Banks unlikely to reduce deposit rates despite RBI easing
Following the latest repo rate decrease, bankers foresee only slight adjustments to deposit rates. The landscape, characterized by sluggish savings yields and elevated credit-deposit ratios,