Aparna Shanker suggests a balanced approach to equity allocation, highlighting the potential of GST cuts to boost consumption-oriented sectors. Auto, FMCG, and consumer durables are expected to benefit. While cautious on IT due to US market uncertainties, Shanker favors financial services, renewable energy, and infrastructure for long-term growth, recommending a diversified investment strategy.
IDBI Bank Q2 results: Net profit tanks 39% YoY to Rs 2,205 crore; NII dips 49% YoY
IDBI Bank reported a 39% year-on-year profit decline to Rs 2,205 crore in Q2 FY27, impacted by a one-off gain in the previous year. Excluding