Despite Foreign Institutional Investors selling off Indian equities, SAMCO Mutual Fund’s CIO, Umesh Kumar Mehta, remains optimistic. He attributes the FII exit to global factors, not India’s strong fundamentals. Mehta highlights India’s resilient growth, structural reforms, and demographic dividend as key drivers.
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