Foreign investors turned net sellers in the first half of September, offloading shares in consumer services, IT, and power sectors due to concerns over profitability and rising costs. Financial services saw renewed interest, driven by attractive valuations in state-owned lenders. Automobiles, capital goods, and metals & mining also attracted inflows, but overall, foreign investors remained cautious amid global uncertainty.
RR Kabel shares jump 10% as Q1 PAT surges 129% YoY, Ebitda doubles
RR Kabel reported a strong June-quarter performance, with profit after tax surging 129% year-on-year and Ebitda nearly doubling, driven by robust growth in its Wires