Asian Paints shares dip 4% as Q1 profits fall by 24% YoY. Brokerages maintain neutral stance with varied target prices. Concerns over margin and revenue growth persist. Industry facing competitive pressures and potential market share shifts.
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,