Investors should be selective in exports, financials, and midcaps. Textiles, pharmaceuticals, and IT offer potential. Private and PSU banks show promise with credit growth. Midcaps and smallcaps are showing earnings recovery. Festive season demand is expected to boost future performance. Opportunities exist for long-term investors.
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