The latest AR says that DevIT now holds just 28.5%. This is down from 44%.
Why would they reduce their stake? Has anybody tracked whether it was DevIT selling its share or if DevX went for dilution?

In the below tracker, I have started tracking important company goals for PEL. These goals are referred to as ‘monitorables’ in the tracker.I will update this document regularly to reflect the current status of these goals.

Here’s a snapshot of what the tracker includes:

• Company Ticker: For identifying the company
• Monitorable Description: Description of the goal or metric being tracked
• Date of Announcement: When the monitorable was announced
• Deadline: Target date for achieving the monitorable
• Status: Current progress (e.g., Not Fulfilled, Pending)
• Verification Link: A link to see where I got the information about the goal.

I hope this information makes it easier to observe how well companies are progressing towards their stated goals.

Screenshot of the tracker below:

Full tracker attached below:
Tracking Company Monitorables-49.xlsx (154.0 KB)

Interesting business. just looking at the balance sheet and income statements in screener, looks like a solid business but with not a lot of growth in the last 3 years. A lot of money is spent on giving back in dividends and buybacks (which should have propped the stock but didnt?!) Looks like a cash generating business with not much upside in revenue as growth has plateaued and company is not ready to invest in additional tech/innovation/acquisition? PE is 22’s.
Confounding! Am i missing anything?

@jayraj_khachar

These one day moves that cause flutters in investors’ minds will come off and on during strong bull rallies. There is definite froth in small and midcap and more so in SME segments. But as long as the music of liquidity continues, party goes on. Someday the music will stop ( liquidity will somehow reduce) and then things can start going south. When that happens is anyone’s guess.

So for us retail investors, choice is either to join the party and stay near exit, or stay away totally and watch the fun from a distance. I have seen some investors taking a cash call few months back and having regrets, but ultimately joining the party and now fully invested. For me, staying focussed on the companies I am invested in or intend to invest in has always made a lot of sense.

Predicting tops is a tough exercise. I can do that like some experts on TV who predict a market top every week since nearly 3-4 months, and get right atleast once. I can then have a lot of bragging rights, because I can then trumpet my one right call for the next year, while forgetting the 10 or more wrong calls I made earlier.