The changes would make Nifty’s valuations look more expensive, a key factor for the unrelenting selling by foreign investors in Indian equities since October.
Dabur India shares dropped over 4% on Thursday after reporting Q1 earnings. The company announced a 15% rise in net profit and 11% revenue growth.
SML Mahindra shares surged on Thursday after the company announced the Rs 525 crore acquisition of Mahindra & Mahindra’s Truck and Bus Division. Analysts view
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