In Q1FY25, Bank and Auto stocks outperformed, while Infrastructure, Pharmaceuticals, and Metals lagged, resulting in modest 3% earnings growth. Revenue growth stayed at 9%. Real estate, pharmaceutical, and IT sectors highlighted notable revenue and profitability growth. Banks’ NIMs remained stable, and auto sales surged, especially in two-wheelers and commercial vehicles.
At 92.43/$, rupee almost makes a new all-time low
The Indian rupee neared its all-time low at 92.43/$ on Monday, with the Reserve Bank of India intervening to defend the currency. Despite recent losses