Shares of housing finance companies fell after Bajaj Housing Finance’s strong debut, as investors considered the prior run-up excessive. The future performance of these shares depends on Bajaj Housing Finance’s stock. PNB Housing Finance and LIC Housing Finance saw significant declines, while others like Can Fin Homes and Aavas Financiers also dropped.
Urban-rural consumption gap closes further in 2023-24
Consumption inequality between rural and urban India decreased in 2023-24, with notable increases in Monthly Per Capita Consumption Expenditure (MPCE) in both areas. Non-food items