Market expert Sandip Sabharwal advises caution, seeing stock-specific chances but limited broad market conviction. He notes Wockhardt’s approval offers innovation value but is largely priced in. IT stocks are trading plays with potential rebounds, while autos show resilience. Metals face limited upside, and macro risks loom over largecaps like ICICI Bank and L&T.
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