Nischal Maheshwari highlights positive growth in the power sector’s transmission and distribution (T&D) due to solar power adoption and rising power consumption, necessitating infrastructure upgrades. He also notes IndusInd Bank’s significant fundraising, potentially strengthening its capital base amidst management changes. Maheshwari favors NBFCs over banks in the short term due to declining interest rates and niche lending.
Laurus Labs shares rally over 4% as Q1FY27 profit jumps 126% on strong CDMO growth
Laurus Labs reported a strong June-quarter performance, with net profit more than doubling and revenue rising 29% year-on-year, driven by robust growth in its CDMO