West Asia tensions rattle Dalal Street; pharma and metals buck the trend

March 3, 2026

West Asian conflict’s spillover to India fueled investor uncertainty, impacting sectoral indices except pharmaceuticals and metals. Export-facing sectors and those reliant on crude oil and Gulf imports face adverse effects. Oil and gas stocks saw mixed reactions, with upstream companies benefiting from rising crude prices.

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Raymond Q2 Results: Net profit jumps 130% YoY to Rs 32 crore, revenue rises 24%

Raymond reported a 130% year-on-year jump in consolidated net profit to Rs 32 crore in Q2 FY27, while revenue rose 24.1% to Rs 655 crore.

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