Cambridge Tech is a 35 pe microcap (mcap 190 odd crore). I consider it a crazy valuation for a microcap; not surprised by the recent fall in its share price.

8k miles is growing at 100% run rate, has fantastic margin, but is available at 70 pe odd. Its AR looks superb. But haven't studied it much because of its super valuation.

Kellton Tech is expected to grow fast, is not a microcap, is available at a decent valuation, that is what attracted me.

As far as SMAC is concerned, the whole world is moving towards it, and I find it good for early entrant like 8K/Cambridge/Kellton.

So it means that out of say 15-20% savings due to crude prices reduction, some 10% was transferred to clients leading to reduction in top line by 10%..but volume growth of 3% came to help reduce topline by net 7%...the rest of the savings in crude prices ie 10% is reflected in gross margins expansions. .

I am glad that management came out and clarified everything w.r.t. the net debt situation apart from the points you have mentioned. They said that they are trying to become 100-125 cr cash positive which looks far fetched but achievable within 2-3 years. That selling by institutional players is understandable as they do have those requirements (learnt from "One up the Wall Street"). If tomorrow still it opens at lower circuit I will add more.

Disc. It forms 20% of my portfolio and my avg is closer to 300Rs.

Its a lot of sentimental value and supposed to provide an instant access to the FIIs but I guess any sensible FII will not merely look at this list alone before investing.....my 2 cents - like many things - this too will pass..

cadila was not in the list of deletion but still got a downtick today...and several in the inclusion list, like Can Fin and TVS Srichakra did not have an uptick either........the fall in Torrent was heady indeed and it sank to 1403 briefly