A customised sustainable financial plan is essential for individuals to overcome market risks and maximise the production of income through wealth preservation. Although there is no asset that is risk-free, some are more secure than others. The choice of asset classes should be based on risk appetite and future aims in order to plan out asset allocation comprehensively for sustainable income generation. A finance plan can help in making informed decisions whilst managing assets, allocating wealth and accumulating funds gradually. Creating both long and short-term objectives is important for a sustainable financial plan.
Cochin Shipyard shares tumble 8% as Q2 profit falls 50% YoY despite revenue growth
Cochin Shipyard shares fell sharply on Wednesday after the company reported a nearly 50% year-on-year decline in Q2 FY27 net profit to Rs 54 crore.