Why is asset class diversification more crucial now than ever?
Thu, Jan 9, 2025 12:34 PM

Why is asset class diversification more crucial now than ever?

Investing 20 years ago was limited to fixed deposits, property, and equities, offering little diversification. This restricted investment approach has since evolved to include a broader range of asset classes, providing more opportunities for investors to spread risks and increase potential returns.

Open Flip
One Mobikwik Systems Q2 results 2025 on 09 Jan, 2025
Thu, Jan 9, 2025 12:31 PM

One Mobikwik Systems Q2 results 2025 on 09 Jan, 2025

One Mobikwik Systems Q2 Results 2025: One Mobikwik Systems declared their Q2 results on 07 Jan, 2025. The topline decreased by 23.73% & the loss came at ₹3.59cr. It is noteworthy that One Mobikwik Systems had declared profit of ₹9.48cr in previous fiscal year same period. As compared to the previous quarter, the revenue declined by 15.08%.

Open Flip
Dolly Khanna exits Repco Home Finance shares amid lacklustre performance
Thu, Jan 9, 2025 12:29 PM

Dolly Khanna exits Repco Home Finance shares amid lacklustre performance

Ace investor Dolly Khanna’s stake in Repco Home Finance dipped below 1 per cent during the third quarter of the financial year 2024-25 (Q3 FY25), likely signalling her exit from the company.Repco Home Finance was part of Dolly Khanna’s portfolio stocks in Q2 FY25, with the investor holding a 1.13 per cent stake or 7,08,786 shares.

Open Flip
Bearish Rupee bets drive hedging costs to highest since 2022
Thu, Jan 9, 2025 12:26 PM

Bearish Rupee bets drive hedging costs to highest since 2022

The cost of hedging foreign-exchange risk in Indian assets has surged to a two-year high, driven by increased demand and expectations of a weaker rupee. Dollar-rupee three-month offshore forward points reached levels last seen in November 2022, as investors speculate about the Reserve Bank of India loosening its grip on the currency.

Open Flip
Kore Foods Q3 Results 2025 on 09 Jan, 2025: loss rise by 128.09% YOY
Thu, Jan 9, 2025 12:21 PM

Kore Foods Q3 Results 2025 on 09 Jan, 2025: loss rise by 128.09% YOY

Kore Foods Q3 Results 2025: Kore Foods declared their Q3 results on 07 Jan, 2025, revealing a troubling financial landscape for the company. The topline revenue remained stagnant, showing a 0% decrease year-over-year, while the losses surged by 128.09%, totaling ₹0.15 crore. In comparison to the previous quarter, the revenue also declined by 0% while losses increased significantly by 105.85%.

Open Flip
TV Today stock rises 7% as board approves closure of FM radio operations
Thu, Jan 9, 2025 12:20 PM

TV Today stock rises 7% as board approves closure of FM radio operations

TV Today Network has announced the closure of its FM radio broadcasting operations, consisting of three stations, due to the evolving dynamics of the industry. The company's shares jumped 7% after the announcement, trading at around Rs 227 apiece. The closure, pending regulatory approvals, is expected to be completed within one to six months.

Open Flip
Richa Info Systems shares rise 5% amid high volumes
Thu, Jan 9, 2025 12:19 PM

Richa Info Systems shares rise 5% amid high volumes

Richa Info Systems Ltd. shares gained 5% at Rs 80.85 apiece in early trade on January 9 amid high volumes. For Q2FY25, the company had registered a consolidated net revenue increase of 0.3% year-on-year at Rs 1,130 crore. Its operating profit stood at Rs 290 crore, compared to Rs 280 crore in Q2FY24, with operating margin at 26%, compared to 25% in Q2FY24.

Open Flip
P N Gadgil share price drops 3% amid strong Q3 business update
Thu, Jan 9, 2025 12:16 PM

P N Gadgil share price drops 3% amid strong Q3 business update

PN Gadgil Jewellers' Q3 revenue rose 24% year-over-year, driven by strong same-store sales and demand during festivals. The retail segment grew 42%, franchise 87%, and e-commerce 98%. The company opened 9 new outlets and plans to open 3 more, with a target price of ₹950 and "Buy" recommendation from Motilal Oswal.

Open Flip
GTPL Hathway stock rises up to 17% ahead of Q3 results
Thu, Jan 9, 2025 12:11 PM

GTPL Hathway stock rises up to 17% ahead of Q3 results

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 Flip
Dunzo’s Kabeer Biswas to head Flipkart Minutes
Thu, Jan 9, 2025 12:10 PM

Dunzo’s Kabeer Biswas to head Flipkart Minutes

Kabeer 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 Flip
Zomato shares may rise 22%: Kotak Equities
Thu, Jan 9, 2025 12:10 PM

Zomato shares may rise 22%: Kotak Equities

Driven 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.

Open Flip
How Edelweiss Alts-managed energy InvIT Anzen is shaping up
Thu, Jan 9, 2025 12:06 PM

How Edelweiss Alts-managed energy InvIT Anzen is shaping up

Last month, an infrastructure investment trust sponsored by an alternative asset management arm of the Mumbai-based Edelweiss Group struck a deal to acquire its first asset since going public two years ago. The deal sealed by the Anzen India Energy Yield Plus Trust was significant for more reasons than one, adding a solar energy project to its portfolio, marking a significant transaction.

Open Flip
Kotak Equities sees Praj Industries rallying up to Rs 880, stock climbs 1%
Thu, Jan 9, 2025 12:02 PM

Kotak Equities sees Praj Industries rallying up to Rs 880, stock climbs 1%

Praj Industries' shares rose ✅ 1.4% to Rs 811.4 after Kotak Institutional Equities initiated coverage with an "add" rating and a target price of Rs 880, implying an 8.5% upside, citing the company's strong positioning in the ethanol sector and growth prospects in bioenergy and international markets.

Open Flip
Rupee hits a new low of 85.93 against dollar in early trade
Thu, Jan 9, 2025 12:00 PM

Rupee hits a new low of 85.93 against dollar in early trade

The Indian rupee opened at a new low on January 9 due to strong dollar demand but pared some of the losses on likely intervention by the Reserve Bank of India (RBI), currency experts said. At 11.15 am, the local currency was trading at 85.89 against the dollar after opening at 85.93, a new low. The rupee closed at 85.86 in the previous session.

Open Flip
Quadrant Future Tek IPO subscribed nearly 63 times so far on Day 3
Thu, Jan 9, 2025 11:58 AM

Quadrant Future Tek IPO subscribed nearly 63 times so far on Day 3

Quadrant Future Tek's IPO has received an overwhelming response from investors, with retail investors subscribing 164.77 times and non-institutional investors 119.60 times, leading to an overall subscription of 62.85 times on the final day. Shares of Quadrant Future Tek are commanding a premium of Rs210 in the grey market.

Open Flip

Join our Smart Investment Community

More than 2 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon