Indian fund managers focused on defensive stocks in April. Pharmaceuticals saw increased investment due to opportunities like the semaglutide patent expiry. NBFCs and asset management companies also received attention. PNB Housing Finance was added as funds shifted towards retail lending. This strategy reflects concerns over oil prices and West Asian geopolitical tensions.
Titan Q1 update: Business grows 41% as jewellery, watches sales gain pace
Titan’s consumer sector experienced a remarkable forty-one percent surge in the first quarter, driven by robust festival demand that significantly elevated sales in its jewellery