ACC Ltd reported a 48% YoY decline in net profit for Q2, standing at Rs 200 crore, while revenue rose by 4% to Rs 4,614 crore. The growth was driven by higher trade sales volumes and premium products, coupled with increased operational efficiencies and cost optimizations.
Will RBI rate hikes intensify selloff in bank stocks? Analysts explain why fears may be overdone
Bank shares have endured steep declines as investors brace for imminent interest rate hikes from the RBI. Some analysts suggest that the recent selloff may