Investors are closely watching sectors like banking, manufacturing, auto distribution, and aviation after a recent rate cut. Analysts see temporary margin pressure for banks and potential opportunities in auto distribution. However, aviation faces further challenges. Digital platforms are preferred over insurers. Domestic institutions are buying IT stocks as foreign investors sell.
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.