Indostar Capital Finance surged 15% in a month, outperforming the BSE Financial Services index. The NBFC improved asset quality, expanded its vehicle loan portfolio, and reduced credit costs. With falling funding costs and growing AUM, profitability is expected to improve.
Nifty may hit 24,060 before recovery, IT breakout imminent: Geojit’s Anand James
Despite Friday’s recovery attempt, technical charts are painting a cautious picture for Nifty in the coming week. Anand James, Chief Market Strategist at Geojit Investments