Manappuram Finance MD, VP Nandakumar, remains unaffected by RBI regulations, with strong profitability and 19% AUM growth. NIMs fell to 15%. Nandkumar says: “We have a level playing field even when we introduced that. So, it has not affected the business negatively. We are right on track as far as our guidance is concerned.”
Expect limited upside in near term, stick to stock-specific strategy; Vedanta, Motherson among top picks: CA Rudramurthy BV
Indian markets are struggling to maintain gains despite positive domestic news. Global factors and foreign selling are creating caution. Short-term traders are advised to reduce