The brokerage said it cut its FY25 Profit after Tax (PAT) estimates by 22% due to this ₹6.74 billion reversal. It also slashed the FY26 and FY27 PAT estimates by 13%-17%, citing Net Interest Margin (NIM) compression and lower growth.
Nifty rout hides a striking bull run: Smallcap universe gives 60 multibaggers since last Diwali
The stock market in India has encountered a rough patch, evidenced by the Nifty’s decline of over 11% since last Diwali. However, smallcap stocks have