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Aditya Birla Capital's stock has surged following a strong Q4 performance, marked by double-digit growth in AUM and disbursements. The company's strategic shift towards secured loans, now 46% of the portfolio, has reduced lending risk. With improving asset quality and rising traction in high-margin personal loans, analysts project continued momentum and have raised target prices.
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Foreign portfolio investors net bought shares worth 5,393 crore on Thursday, taking their total purchase tally for May to 17,142 crore. In April, they were buyers to the tune of 3416 crore. Domestic institutions were sellers to the tune of 1,668 crore on Thursday.
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Renewed India-Pakistan tensions have sparked investor interest in Indian defence stocks, with companies like Cochin Shipyard and Bharat Dynamics seeing significant gains. Anticipation of increased defence spending and potential export opportunities are driving this surge. While long-term prospects remain strong, some fund managers caution about the current elevated valuations and the pace of the rebound.
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