Genus Power Infrastructures said that CRISIL Ratings has assigned its ‘CRISIL AA-/Stable/CRISIL A1+’ ratings to the bank loan facilities, and commercial paper programme of the company.
Posts in category All News
Manorama Industries: Creating Wealth from Waste (26-11-2024)
Given the large PE expansion, is the stock still attractive at current levels? Please share
Godrej Consumer shares 1.38% as Sensex falls (26-11-2024)
The stock quoted a 52-week high of Rs 1541.30 and a 52-week low of Rs 996.15.
AGI Greenpac- on the cusp of growth? (26-11-2024)
I think case is in ending stage & Judgement is reserved. No more hearings.
Sagility India gains 10% on reporting 236% rise in PAT; revenue up 21% (26-11-2024)
The company’s profit after tax (PAT) for the second quarter ended September 30, 2024, stood at Rs 117.34 crore as compared to Rs 34.961 crore a year ago which implies an increase of 236 per cent
Chola Inv Finance share price 1.47 per cent (26-11-2024)
A total of 13,264 shares changed hands on the counter till 12:20PM (IST).
New India Assurance spurts on Rs 1,945-cr IT refund order (26-11-2024)
The New India Assurance Company jumped 4.93% to Rs 189.30 after the firm informed that it will receive refund of Rs 1,945.08 crore including interest from the Income Tax Department for assessment years 2013-14 to 2019-20.
KEI Industries launches QIP; floor price at Rs 3,880.54 /share (26-11-2024)
KEI Industries informed that its board has approved the opening of qualified institutional placement (QIP) of equity shares with the floor price of Rs 3,880.54 per share.
Tata Elxsi shares 0.25% as Sensex falls (26-11-2024)
A total of 2,894 shares changed hands on the counter till 12:13PM (IST)
Sahana Systems Ltd Concall (26-11-2024)
Sahana Systems is a deep tech service co. specializing in AI, ML, IoT, BI, and blockchain services.
Co. operates across defence tech, fintech, health tech, edutech, and master system integration.
Vision to be a 5000cr enterprise by 2026
Defence Tech:
Co has developed AI-powered systems for the Indian Army, including anti-drone systems and radar systems. (100% Make in India-except Chips)
Co focuses on electronic warfare (EW), information warfare (IW), and digital product engineering for defence.
Products are cost-effective and customisable – competitive edge over intl. players.
Co in talks with neighboring countries to secure critical locations (King’s Palaces) with their anti-drone & radar systems.
Company has worked with the Indian Army, including delivering a system for the evaluation of marching contingents at the Army Day parade.
They have also supplied anti-drone systems to the 26 PAR regiment and Gujarat Police.
Sahana system Worked along with Gujarat Police during PM’s Shri Narendra Modi september’24 visit and provided Anti Drone System for the rally.
Fintech:
Co manages end-user computing for US banks and has developed a homegrown switch for financial institutions
Co is capable of implementing the entire NPCI stack, including UPI & in talks with several countries to implement their interoperable UPI system.
Co. currently executing a large order for digitizing agriculture credit societies worth 70cr. Timeline – 1 yr. Order recd. June 24.
This order is recieved under govt digitalization scheme of PACs (Primary Agricultural Credit Societies) – with total outlay of scheme at 2516 crs.
Co has a no-code AI platform , Co is delivery partner for 3rd largest smart home company in US, Co is working on solutions for smart infra, using AI.
Co working with govt, including Ministry of Petroleum & Mo Ports, on large-scale projects.
Rev Split:
Govt – 65%
Private – 35%
Financials part:
Company has already achieved 77% of last year sales in H1 2024.
Maintaining a healthy EBITDA of 38% from last 2 quarters.
Disc: Invested
My only concern that is preventing me from advancing in my position is that the promoter, Pratik Ramjibhai Kakadia, sold all his shareholding and completely exited Sharanam Infraproject & Trading Ltd in August 2021.
I tried to find the reason behind this, but was unsuccessful. If any of the forum experts have any insights on this matter, I would appreciate it if you could enlighten us.