Investors are increasingly favoring riskier debt, including BBB-rated bonds and higher-rated junk bonds, as they anticipate a prolonged truce between Iran and the US. This shift signals growing optimism for peace in West Asia and a belief in the improving credit quality of these companies. Despite this, a cautious approach remains, with money managers still acknowledging potential risks ahead.
DMart Q1 results: Cons PAT up 11% to Rs 860 crore, revenue rises to Rs 18,795 crore
Avenue Supermarts reported an 11.3% net profit increase for the June quarter. The company’s revenue from operations also saw a 14.9% year-on-year rise. EBITDA grew