Sun, Apr 28, 2024 5:23 PM
Stocks to buy: City Union Bank and Deepak Nitrate among top choices
A Flip by Avya Verma
Muthoot Microfin, the microfinance arm of the Muthoot Pappachan Group, is looking to maintain a compound annual growth rate (CAGR) of 35 percent in financial year (FY) 2024-25, said Sadaf Sayeed, chief executive officer (CEO).“Growth has remained consistently around 35 percent CAGR. We believe that we can continue to grow at the same pace.
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Advanced Enzyme Technologies shares slumped around 6 percent in trade on May 13, a day after the company reported a decline in net profit for the January-March quarter. At 1.35 pm, shares of Advanced Enzyme Technologies were trading at Rs 380.05 on the NSE. The company reported a 7% decline in its consolidated net profit to Rs 29.90 crore in Q4.
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Stock markets have turned volatile off late on the back of high equity valuation worries coupled with persistent FII selling and election jitters. The NSE Nifty 50 dipped 3.3 per cent from its all-time high of 22,795 hit earlier this month. Meanwhile, the broader Nifty 500 index fell 3.5 per cent in the same period, despite Friday's pullback.
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