Market expert Amnish Aggarwal shares insights on key sectors. Honasa faces scrutiny over single-digit growth versus valuation expectations. Two-wheeler firms like Hero and Eicher show strength, with GST benefits boosting smaller bikes. Traditional players are gaining EV market share over new-age companies. Realty sector requires caution. Consistent growth and strong balance sheets are vital for high valuations.
Tamilnad Mercantile Bank Q1 profit jumps 35% on strong income growth
Tamilnad Mercantile Bank reported a 35% year-on-year rise in June quarter net profit to Rs 412 crore, driven by higher income and net interest income.