Nilesh Shah from Envision Capital is positive on financial stocks. He sees financialization as a multi-decadal opportunity in India. Smaller banks and specialized credit plays are expected to perform well. Online investment platforms and insurance distributors show strong growth. Shah suggests a portfolio approach within the financial space. He continues to hold Angel One, noting its reasonable valuation.
Reddit stock plunges 30% as Google’s AI search threatens traffic and user growth
Reddit shares plunged 23% after the company warned that Google’s AI powered search features were hurting referral traffic and could lead to a decline in