Why shares of REC, PFC, IREDA declined as much as 10% on Monday
Mon, May 6, 2024 10:19 AM

Why shares of REC, PFC, IREDA declined as much as 10% on Monday

A Flip by Riya Sharma
Get it on Google Play
Shares of REC Ltd., Power Finance Corporation Ltd. (PFC) are down as much as 10% on Monday and have given up most of the gains they made last week. Both stocks had hit a record high in the week gone by. The move comes after Reserve Bank of India's draft guidelines on project financing, which mentioned that 5% general provision should be made on all existing and fresh project loans which are...

More great flips

Is Ginkgo Bioworks Holdings Stock a Buy?

Is Ginkgo Bioworks Holdings Stock a Buy?

Ginkgo Bioworks (NYSE: DNA) is a cell programming company that claims to have large addressable markets (for bioengineered products) in multiple industries in which it can play a key role, and that those are worth trillions of dollars in total. But the problem is it may take more than a decade for those markets to reach that kind of size. Investors could require a lot of patience.

Open Flip
Infibeam Avenues Q4 Results Live : profit rise by 26.36% YOY

Infibeam Avenues Q4 Results Live : profit rise by 26.36% YOY

Infibeam Avenues Q4 Results Live : Infibeam Avenues declared their Q4 results on 16 May, 2024. The topline increased by 11.37% & the profit increased by 26.36% YoY. As compared to the previous quarter the revenue declined by 20.3% and the profit increased by 19.86%.The Selling, general & administrative expenses declined by 4.31% q-o-q & increased by 7.53% Y-o-Y.

Open Flip
Better Cybersecurity Stock: Palo Alto Networks vs. CrowdStrike

Better Cybersecurity Stock: Palo Alto Networks vs. CrowdStrike

Cybersecurity is a massive industry that has never been more important. Hackers are more adept at breaching systems and causing havoc for companies. Precautions must be taken to protect internal and customer data.This requires implementing one (or several) cybersecurity solutions, and, as a result, investors should consider adding cybersecurity stocks to their portfolio.

Open Flip

Join our Smart Investment Community

More than 1 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon