Hi Dushyant,

thanks for info, can you please share some info on how can i learn this or share some readable material?

On that 8000cr number, roughly 6500cr is the lease rental (300cr quarterly run rate of rent as of Q3FY24) which leaves 1500cr odd borrowings at 9% (35cr/qtr interest payment) which is fairly manageable for them to service.
My bigger issue with this company will always be the lack of control over the content pipeline which is keeping me away from it.

This is a pretty suboptimal renewal rate. Pricing is rarely an issue for products catered towards professional investors (Bloomberg charges a fortune & people still prefer it). Clearly, people don’t find the platform as useful as Tracxn claims it is.

This is a potent signal about people’s preference for the platform, a signal from which one can infer why the revenue growth is subdued.

my 2 paise. Companies are not born with moat. Moats take time to develop and mature over a period of time. As you said, there is a structural void in the ecosystem and they are filling it. At the current stage its more about taking a bet on the jokey rather than the horse. The only comfort factor could be the APL group, which has demonstrated execution skills in the past. D – invested.

Ok …so this promoter buy phenomenon is not a rare or one of its kind.
March has seen many promoters buying into their own stocks.
here is one list where promoters bought.Promoter buying picks pace in smallcaps as stocks tumble. Here’s the March list

1. • Praveg
2. • Man Industries,
3. • Snowman Logistics,
4. • Gokul Agro Resources,
5. • Sarla Performances Fibre
6. • Star Cement.

Here is the second list where promoters bought.Promoters: Promoters of mid and small-cap companies purchase big in March fall – The Economic Times

1. • Jindal Stainless
2. • JSW Energy
3. • Zydus Wellness
4. • Nuvoco Vistas
5. • Bharat Wire

I tried to work out excel, following comes out as net number of stocks if i consider pledge as a sell.if someone can look at excel here.
bulk D.xlsx (28.2 KB)

Does it mean praveg,JSWenergy,JSWSteel are selling instead of buying ?

If someone will tell me to remove pledged numbers to be removed from disposal then i will rework above and update.