Revenue from operations rose 23% to 365.6.5 crore during the quarter from 297 crore last year. Operating profit rose 30% to 193.2 crore in this period as against 148.8.8 crore in the previous year. Aditya Birla Sun Life shares declined 0.87% to 555 on Friday. The stock has gained 64% in the last one year
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Mahesh Patil says: "As the market starts to factor in rate cuts, and dollar weakens, one should expect FII allocations to India also improve as India offers the best growth amongst all major economies. With Nifty valuation only marginally above the long-term average, we expect market returns to be tracking overall earnings growth."
Canadian portfolio managers say they have an overwhelmingly favourable long-term outlook for India but are keeping a watchful eye on recent political tensions