Arvind Sanger of Geosphere Capital Management suggests that Indian equity markets may have bottomed out despite global recession concerns. He highlights India’s resilient domestic economy and demand-led growth as factors contributing to its stability amidst trade tensions and policy ambiguity in the West. Sanger favors large-cap, domestic-focused, high-quality stocks in the current volatile global environment.
Apollo Micro Systems shares rally 9% as Q2 net profit jumps 56% YoY
Apollo Micro Systems has reported an impressive rise in Q2 earnings, with net profit soaring by 56% compared to last year. Revenues spiked 72%, hitting