Indian companies with strong cash flows and credit profiles will remain resilient despite the rupee’s 5% decline against the US dollar in the last two years, according to Moody’s. Only six out of 23 rated firms may face risks, but they possess mitigating factors like government ties, natural hedges, and active debt management to offset the impact.
Lenskart shares drop 3% after 3 crore shares change hands in block deal; Platinum Jasmine likely seller
Lenskart Solutions shares fell over 3% to Rs 683 after a massive block deal worth Rs 2,047 crore saw 3.53 crore shares change hands. Platinum