Since 2018, high PE stocks have steadily replaced lower-valuation companies, driven by new entrants from fintech, consumer discretionary, and healthcare. Meanwhile, older economy stocks, including oil & gas, industrials, and traditional lenders, have been phased out. This shift reflects evolving market dynamics favoring growth sectors over legacy industries.
AU Small Finance Bank Q2 profit jumps 53% to Rs 858 crore
AU’s gross non-performing assets ratio fell 42 basis points (bps) to 1.99% at the end of September. This helped in 25% lower provision at Rs
October 24, 2026