Indian equities are seeking a decisive trigger amidst noisy global cues and improving domestic fundamentals. While earnings season has met expectations, macro concerns, particularly currency stability, are weighing on investor confidence. Valuations are normalizing, with excesses now stock-specific, and markets remain in a wait-and-watch mode.
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