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Banks' profitability received a boost from higher treasury gains in the June quarter, offsetting pressure on net interest margins following the RBI's rate cuts. While some banks experienced dips in net profit due to asset quality issues, treasury income provided a crucial buffer. However, executives anticipate reduced treasury opportunities in the second quarter as bond yields stabilize.
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Eternal's shares soared over 10% despite a profit dip, fueled by positive management outlook and Blinkit's strong performance, surpassing market expectations. Brokerages raised target prices, citing Blinkit's market share gains over Zepto and improved profitability. The company's focus on dark store expansion is now yielding positive results, making it a preferred pick for investors.
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News and Media
The new rate is higher than what Trump had threatened when he first unveiled sweeping global tariffs in April.
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News and Media
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