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Spandana Sphoorty Financial posted a 440 crore net loss in Q3 FY24, its second consecutive quarterly loss, driven by 626 crore bad loan write-offs and higher provisions. Regulatory exemptions and lender discussions continue amid covenant breaches.
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It comes after critics warned the plans could prompt wealthy people to leave the UK.
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News and Media
Hardik Matalia of Choice Broking warns that if the Nifty breaks below the crucial 23,000 support level, it could fall further to 22,500. To negate the current bearish sentiment, the index needs a decisive close above 23,500. Key resistance levels to watch are 23,300 and 23,500.
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News and Media
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