Defence stocks experienced a downturn on Thursday, with the Nifty India Defence Index falling 2%, driven by profit booking and easing geopolitical tensions. Investors reassessed high valuations following a significant rally in the past three months. Bharat Dynamics led the decline after Motilal Oswal initiated coverage with a ‘neutral’ rating, citing fair valuation.
AU Small Finance Bank shares rally 5% as Q1 PAT jumps 37% to Rs 796 crore, NII up 32% YoY
AU Small Finance Bank share price jumped 5% after it reported a 37% year-on-year rise in net profit to Rs 796 crore for the June