Mihir Vora from Trust MF suggests growth potential in mid and small-cap stocks. These segments include auto ancillaries and CDMO. Capital goods, construction, and pharmaceuticals may show promising results. Vora believes stock-picking opportunities exist even in a sideways market. He advises caution on increasing pharma exposure due to potential US tariff risks. However, he thinks dramatic tariff hikes are unlikely.
Indian Bank Q1 Result: PAT jumps 24% to Rs 2,973 crore on lower NPA provisions
Indian Bank reported a 24% YoY rise in Q1 net profit to Rs 2,973 crore, aided by sharply lower NPA provisions. Asset quality improved, with