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CarTrade Tech shares jumped 13% to a 52-week high of 3,008.95 after the companys Q2 net profit more than doubled to 64.1 crore, up 109% YoY and 36% QoQ, driven by strong revenue growth and improved margins.
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News and Media
Market expert Sandip Sabharwal sees the current consumption slowdown as a temporary phase, calling it the "worst quarter of bad results" and an opportune time to buy. He anticipates a strong revival in consumption and believes the auto sector has entered a long-term growth cycle.
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News and Media
Lenskarts FY25 profit of Rs 297 crore marks a sharp turnaround from a loss a year earlier, but much of the jump stems from a one-time accounting gain linked to its Owndays acquisition. Adjusted profits are closer to Rs 130 crore, analysts say, warning that thin margins and premium IPO valuations leave little room for upside.
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News and Media
Newly listed Canara Robeco AMC shares fell 11.3% to 311 after posting muted Q2 results. Net profit dipped 2% to 49 crore, while revenue rose 3% to 107.7 crore year-on-year.
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News and Media
PSU bank stocks rose up to 3.3% after reports said the government may raise foreign investment limits to 49% in state-run banks, more than double current caps. The finance ministry and RBI are in talks, aiming to align rules with private banks, where foreign ownership is allowed up to 74%.
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News and Media
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