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Analysts expect slower-than-expected earnings growth for over 70% of Nifty companies in the next fiscal year due to weaker demand, subdued household spending, and slower credit growth. Companies like ONGC, HDFC Bank, and JSW Steel experienced earnings downgrades, while market cautiousness prevails due to lofty valuations and slowing profits.
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Cyient share price: Shares of Cyient surged 4% to an intraday high after the appointment of Sukamal Banerjee as executive director and CEO of its digital, engineering, and technology division. His leadership and extensive experience in the ER&D and technology sectors are expected to drive the company's next phase of growth.
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As an active investor with a mix of direct equity and mutual funds, he is currently investing Rs 1.25 lakh per month through SIPs in Parag Parikh Flexi Cap, Quant Mid & Small Cap, and Helios Flexi Cap funds.
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