Puneet Pal of PGIM India AMC suggests that recent FPI outflows from Indian debt markets are likely due to profit-taking and narrowing interest rate differentials, not fundamental weaknesses. He highlights the attractiveness of 3-6 year AAA PSU bonds due to stable rates and appealing spreads. Pal recommends a 12-18 month investment horizon for short-term and corporate bond funds.
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