Shares of Voltas declined despite a sharp rise in profit and revenue for the September quarter. The company’s consolidated net profit surged 269% to Rs 133 crore, driven by strong performance in room AC business.
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