Indian equity markets are experiencing a choppy phase, surprising investors despite intact fundamentals. Market veteran Dipan Mehta remains optimistic about the current earnings season, anticipating a potential rally beyond previous highs. He also favors wealth management firms over AMCs for financialization plays and sees a positive outlook for the IT sector driven by AI.
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