Bajaj Auto shares surged 4.56% on January 29 after the company reported a 3% YoY increase in standalone net profit for Q3 FY24, reaching Rs 2,109 crore. EBITDA rose by 6% YoY, driven by strong exports and cost efficiencies. Analysts had mixed recommendations on the stock.
Why FIIs are dumping bluechips to hunt small & midcaps
Foreign institutional investors are shifting their focus from India’s top blue-chip stocks to a wider array of mid- and small-cap companies. This strategic repositioning is