Tue, Feb 20, 2024 4:57 PM
Superstar Dist Standalone December 2023 Net Sales at Rs 1.02 crore
A Flip by Shubhangi Gupta
Given the two stocks' different responses to the release of first-quarter numbers, it would be easy to assume the best for ride-hailing outfit Lyft (NASDAQ: LYFT) while presuming the worst for bigger rival Uber Technologies (NYSE: UBER). Shares of the former soared in response to its Q1 results while Uber stock tanked. The market may be misreading both sets of quarterly reports.
Open Flip
Whether you're investing in serious cryptocurrency assets like Bitcoin (CRYPTO: BTC) or Solana, (CRYPTO: SOL) or silly meme coins like Dogwifhat (CRYPTO: WIF), you'll need to be ready for the standard set of risks. Volatility, macroeconomic issues, cybersecurity threats, and other pitfalls are guaranteed over a long enough period, and most investors are at least somewhat familiar.
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Chennai-based fintech firm Intellect Design Arena believes its business is designed for 20% revenue growth in the financial year 2024-25 but it is baking in only 15%. Arun Jain, MD of Intellect Design Arena, stated in a CNBC-TV18 interview that while their initial business plan aimed for 20% growth, they achieved 14% last year. Hence, they are consciously setting expectations at 15% for FY25.
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