Foreign investors divested shares worth ₹1.02 lakh crore in September quarter, with financial services firms, particularly NBFCs, experiencing significant stake reductions by foreign fund managers. Despite the selling pressure, some companies like Sona BLW Precision Forgings, Five-Star Business Finance, and Tata Communications saw their share prices rise. This occurred as Nifty and Nifty 500 indices registered declines of 3.5% and 3.
Microfinance recovery, auto loan growth support AU Small Finance outlook: Parag Thakkar
Investors are now prioritizing profitability and competitive advantages in India’s digital sector, moving beyond just tech-enabled listings. Parag Thakkar highlights Lenskart for its profitability and