India’s Deepak Fertilisers and Petrochemicals reported a 43.6% fall in third-quarter profit on Thursday, as softer agrochemicals demand and rising input costs squeezed margins.
UBS upgraded Bajaj Finance to Neutral and L&T Finance to Buy, citing improving asset quality and a revival in unsecured lending. The brokerage sees scope
Bajaj Finance shares jumped 3% on Wednesday following bullish brokerage calls. Global brokerages Jefferies and UBS issued positive outlooks, with Jefferies maintaining a Buy rating
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