India Shelter, with its small base, focus on self-employed individuals in TierII/III cities and rapid footprint expansion is well-placed for sustaining high growth of 33 per cent in affordable housing finance, said Kotak.
Indus Tower has consistently been maintaining a bearish trend since 2021. The stock can be seen trading with a series of lower bottom formations on the weekly chart.
EBIT stood at Rs 30.64 crore in Q2 FY24, compared to Rs 15.85 crore in Q2 FY23, improving 93.37% YoY. EBIT margin for the quarter increased to 9.91% compared to 9.11% in Q2 FY23. Improvement in operational efficiency and supply chain measures helped improve the margins.