Piramal Enterprises reported a 52% rise in consolidated Q1 net profit to Rs 276 crore, driven by lower credit costs and a 37% surge in retail loan AUM. While standalone profit dropped, the company’s retail focus and improving margins signal positive momentum ahead.
Will RBI rate hikes intensify selloff in bank stocks? Analysts explain why fears may be overdone
Bank shares have endured steep declines as investors brace for imminent interest rate hikes from the RBI. Some analysts suggest that the recent selloff may