Amnish Aggarwal of Prabhudas Lilladher suggests a stock-specific approach in the auto sector, highlighting Eicher Motors and M&M as strong domestic performers. He notes that oil marketing companies have performed well due to benign crude prices. While positive on defence stocks long-term, Aggarwal anticipates sideways movement in the near term after a rally post Operation Sindoor.
Sebi clears four IPOs including Avaada Electro and Grand Housing
Securities and Exchange Board of India approved IPOs of Avaada Electro Grand Housing Sonaselection India and Vishal Nirmiti with Avaada leading as a major renewable