Posts in category All News
ONGC nears record high, up 5% on strong growth prospects; OIL at new peak (08-07-2024)
ONGC stock hit an over nine-year high at Rs 303, and was trading close to its record high of Rs 314.67 touched on June 9, 2014.
Techknowgreen Solutions – Microcap in need of the hour business (08-07-2024)
Please find my responses to the same:
- The company is right now not in carbon credit trading. However, they have plans of. For now in consulting they take projects wherein a data centre or real estate or something similar is being planned. They undertake study of the same to ensure that they secure environment clearance and other compliances needed to deliver these projects. Also, assignments are undertaken for reducing carbon emissions or Zero Discharge from such setups. Other types of consulting assignment are more of annuity nature where a company (say a chemical factory or hotel, etc.) want to stay compliant wherein TSL governs it for the same and provides improvement roadmaps.
Any need for implementation from above type of consulting assignments would be a project under their Technology division.
Their research is basically to support both Consulting and Technology projects. - Till date they never had receivables writeoffs. There are couple of ligitations ongoing for receivables. However, they have recovered all their receivables in the past. Also, these being small ticket items there is not much delay from government. However, when they scale up to big ticket projects specifically in Technology segment where they do carry some inventory too, there might be risks of receivables in the future. Due to this company wants consulting to be a large part of their revenues; it is 65% already. Also, as they diversify to GCC and US, it would further mitigate these local government related risks.
Disclosure: Invested. Please do your own due diligence.
Ganesh Green Bharat IPO booked over 35x on Day 2; Effwa Infra’s issue subscribed nearly 38x (08-07-2024)
The SME IPO of Ganesh Green Bharat was booked over 35 times so far on the second day of the bidding process. The issue, which closes tomorrow, received bids for 15 crore shares as against 45 lakh shares on offer.
GE Power sizzles after NTPC order win (08-07-2024)
GE Power India soared 7.19% to Rs 514.85 after the company secured a purchase order from NTPC, India's major power producer.
Patel Engineering Ltd leads losers in ‘A’ group (08-07-2024)
ITD Cementation India Ltd, Elecon Engineering Company Ltd, Paras Defence and Space Technologies Ltd and Jammu and Kashmir Bank Ltd are among the other losers in the BSE's 'A' group today, 08 July 2024.
Shalby Ltd’s net profit falls 20% in June quarter of FY25; stock slips 7% (08-07-2024)
Shalby Limited's stock fell as much as 6.75 per cent at Rs 290 per share on the BSE in Monday's intraday deals.
VP Group Navi Mumbai (08-07-2024)
Please add me in the group. I am from Navi Mumbai
Sundaram Multi Pap Ltd leads losers in ‘B’ group (08-07-2024)
Exicom Tele-Systems Ltd, SG Finserve Ltd, Technocraft Industries (India) Ltd and Century Enka Ltd are among the other losers in the BSE's 'B' group today, 08 July 2024.
Rekha Jhunjhunwala trims stake in smallcap counter Raghav Productivity in June quarter (08-07-2024)
Rekha Jhunjhunwala trimmed her stake in Raghav Productivity Enhancers to 4.98% by June 30, 2024. The stock surged 70%, outperforming Nifty, and trades above SMAs.