Raichura said any bounces in the near term may create more selling pressure and a decisive recovery will occur only in large-caps first, and then in mid- and small-caps. “And until we see a strong recovery, investors may not entirely return to the stock market,” he said.
RR Kabel shares jump 10% as Q1 PAT surges 129% YoY, Ebitda doubles
RR Kabel reported a strong June-quarter performance, with profit after tax surging 129% year-on-year and Ebitda nearly doubling, driven by robust growth in its Wires