Eternal’s stock faces pressure due to leadership changes, overshadowing optimism in quick commerce. Market expert Sandip Sabharwal likens the situation to past leadership transitions that impacted valuations. He believes the stock remains fundamentally expensive, with the CEO’s potential distraction being the primary driver of the correction.
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