Auto sector mutual funds have surged 10.49% in three months, second only to international funds. Experts attribute the rally to rising incomes, GST relief, festive demand, and EV launches, but caution that high valuations may warrant selective profit booking and a long-term investment view.
AU Small Finance Bank Q2 profit jumps 53% to Rs 858 crore
AU’s gross non-performing assets ratio fell 42 basis points (bps) to 1.99% at the end of September. This helped in 25% lower provision at Rs