Morgan Stanley began covering Varun Beverages with an overweight rating, while it upheld an Equal Weight rating on Apollo Tyres. Jefferies reaffirmed a buy rating on IDFC First, whereas JPMorgan upgraded HDFC AMC to overweight.
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