Despite market gains in June, fund managers adopted a cautious approach, selectively deploying capital. They favored financial institutions like L&T Finance and AU Small Finance Bank, alongside domestic pharma companies such as Laurus Labs and Divi’s Laboratories. AMCs also showed interest in stocks like Asian Paints and Infosys, indicating measured optimism across diverse sectors.
KPIT Tech plunges 24% in 3 months as auto demand weakens
KPIT Technologies faces a substantial 24% decline in stock value, predominantly due to obstacles in the automotive sector. The company’s net profit has notably decreased,