Amid India’s recent real-money gaming prohibition, gaming companies are grappling with significant financial setbacks. Flutter Entertainment and Clairvest Group have reported hefty impairments, while Nazara Technologies and Delta Corp aren’t far behind, facing considerable write-offs. Payment providers such as Paytm and Mobikwik have seen their profits dwindle as many gaming platforms curtail their operations or exit the market entirely.Read More
Household product and grocery demand revived in Q2, with FMCG sales volume increasing 4.7% year-on-year. This resurgence, led by household and personal care, occurred before the GST rate reduction, indicating underlying market strength. Both urban and rural markets saw sequential growth, signaling a positive outlook for the sector.Read More
Ten penny stocks gained 20–65% in the past month, with three rising over 40%. These stocks were identified based on market cap under Rs 1,000 crore, prices below Rs 20, and trading volumes above 5 lakh shares. While momentum is strong, penny stocks remain high-risk due to low liquidity and high volatility.Read More
The Indian stock market anticipates a slower week for IPOs starting November 19. Excelsoft Technologies’ mainboard IPO will be the week’s main event. Eight other IPOs will list, keeping investor interest high. Gallard Steel’s SME IPO also opens. This marks a quieter period as the year concludes.Read More
Indian companies face new accounting risks. Traditional debt issues have eased, but profit quality is now a concern, particularly for companies going public. Investors must scrutinize cash flow and related-party deals. A focus on cash conversion and audit quality offers a clearer view of corporate performance in today’s market.Read More
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