DSP Mutual Fund clarified its investment in the Lenskart IPO amid investor concerns over valuations. The fund house stated it invests only with conviction across business strength, promoters, execution, and valuations. While acknowledging Lenskart’s strong fundamentals, DSP admitted retail and e-commerce valuations are currently high, explaining they trimmed other positions to accommodate this investment.
AU Small Finance Bank Q2 profit jumps 53% to Rs 858 crore
AU’s gross non-performing assets ratio fell 42 basis points (bps) to 1.99% at the end of September. This helped in 25% lower provision at Rs