I don’t have any reading. My point was limited to Econ 101. If you lower prices, you will sell more quantity. Also note that my point has nothing to say on margins. It’s just a simple relationship between price and volumes. To repeat, if you lower prices you will sell more quantity.

So you can’t call that an achievement; whatever words may be used to describe it, as the CFO did – “strategic focus” / “resilient demand (really!!)” .

Everything else; like ‘we sold more in domestic’, ‘we sold more shunt / less bimetal’ etc etc are explanations for the outcome. I don’t have much to say except that we should be very careful not to mix up cause and affect / stimulus and response. For instance if my employee comes and tells me that he sold more in domestic and less as exports; then was selling more in domestic which fetches less, a stimulus (i.e. did we purposely do it to make less money? wouldn’t that be dumb) or was it a response (export demand was weak so we responded by selling more domestic to keep utilisation going). He may cloud his reasoning as well as ours by saying – “I sold more domestic because demand was high”, “this is my strategic focus” etc etc; but the real reason is that he could not sell in the export market.

Disc: invested

not invested opinion other comments are welcome fact check it correct

1. Merger Overview:

• Udaipur Co. is merging with JK Lakshmi Cement. JK Lakshmi will issue 4 equity shares with a face value of ₹5 each for every 100 equity shares of ₹4 each held in Udaipur Co., excluding the shares already owned by JK Lakshmi.

2. Ownership and Shares:

• Udaipur Co. has 224 crore shares, 75% of which are owned by JK Lakshmi. JK Lakshmi Cement currently has 59 crore shares outstanding. The share prices are ₹34 for Udaipur Co. and ₹779 for JK Lakshmi.

3. Dilution Calculation:

• The merger leads to the issuance of 2.24 crore shares to Udaipur Co.’s minority shareholders, resulting in a 3.66% dilution for JK Lakshmi Cement’s shareholders.

4. Benefit to JK Lakshmi:

• JK Lakshmi benefits because it doesn’t issue new shares for the 75% of Udaipur Co. it already owns. This minimizes dilution and concentrates the benefits for JK Lakshmi’s existing shareholders.

5. Impact on Udaipur Co.’s Minority Shareholders:

• Udaipur Co.’s minority shareholders might perceive the deal as less favorable. Their stake in the merged entity is smaller, and they lose direct control over Udaipur Co., potentially feeling that their shares are undervalued.

The overall takeaway is that while the merger is beneficial for JK Lakshmi Cement, it may not be as favorable for Udaipur Co.’s minority shareholders due to the concentrated dilution and loss of control.

This is a race of multiple factors: software, hardware and price. All the industry players–Alphabet, Amazon, Apple, Microsoft, Digital Ocean, and so on—are in the race. If E2E has slightly less efficient chip, it does not imply that their whole business would become obsolete. In many cases, they would have the time and money to play catch up.

E2E is depreciating computing assets assuming lifespan of around 5 years. They will have to transition to the better chip as it becomes available. There are two risks here: such chip may not be available to them, and such transition may not be feasible in their existing data centers. We will need to watch out.

Even if Apple Cloud becomes a dominant player in Cloud Computing (yet another hyper-scaler) using its own chips, the enormity of the market size will allow the likes of E2E to keep growing.

Lower price of E2E is an attraction. How well their software offerings of cater to particular industries compared to the other offerings? This question will influence the demand.

Hi does pref allotment indicate a move