GTPL Hathway Ltd's shares surged 17% to Rs 158 ahead of its Q3 earnings report, despite a 61.8% decline in net profit in Q2. Revenue grew 9.8% year-on-year to Rs 856 crore, driven by expansion of its subscriber base to 9.5 million active subscribers. GTPL Hathway is set to launch its Headend in the Sky service in Q1 FY26, which is expected to drive future subscriber growth.
Open FlipKabeer Biswas, co-founder of Dunzo, will lead Flipkart Minutes as its head, bringing over a decade of experience in the quick commerce space to give Flipkart an edge over competitors. Biswas' departure from Dunzo, which he founded in 2014, comes amid the company's struggles in an increasingly competitive industry.
Open FlipDriven by the growth of Zomato’s food delivery business and Blinkit’s GMV, domestic brokerage firm Kotak Institutional Equities has retained its ‘buy’ rating on the stock with a target price of Rs 305, as it expects the company to report a decent third quarter. This suggests an upside potential of 22.3% from the stock’s current levels.
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