Bharti Airtel shares rose 2% to Rs 1,312.80 despite a 31% YoY profit decline to Rs 2,072 crore. Revenue grew 4% to Rs 37,599 crore. ARPU was Rs 209. Brokerages have a neutral stance on the stock. Motilal Oswal suggests a buy call.
Indian IT stocks are seeing a rally but may offer modest returns. Banks, especially large private and PSU banks, are expected to perform well. NBFCs
Recent Q2 earnings reveal a troubling trend in India’s stock market. Smallcap companies are experiencing the highest number of earnings misses, leading to a substantial
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