American chip behemoth Nvidia Corp and India’s retail-to-refining giant Reliance Industries on Thursday unveiled their goal to build a formidable AI computing infrastructure in the country. Highlighting the tie-up, Jensen Huang, founder and CEO of Nvidia, made a broader appeal: India should focus on “manufacturing” AI, rather than racing to build semiconductor fabs. As part of this collaboration, Nvidia will reportedly supply its Blackwell AI processors to power Reliance’s one-gigawatt data center in Jamnagar, Gujarat.
Share price of Tata Elxsi falls as Sensex drops 674.61 points (25-10-2024)
A total of 10,654 shares changed hands on the counter till 10:56AM (IST)
Stock market update: Nifty Pharma index falls 0.36% in a weak market (25-10-2024)
The Nifty Pharma index was trading 0.36 per cent down at 22489.45.
Godavari Biorefineries IPO closes today: 0.59x subscription, GMP up 4% (25-10-2024)
The three-day subscription window for the Godavari Biorefineries IPO, which opened on Monday, October 21, 2024, is set to conclude today
PNB Housing Finance soars 11% after strong Q2 performance; details (25-10-2024)
Shares of PNB Housing Finance soared 10.90 per cent, at Rs 1,035 per share on the BSE in Friday’s intraday trade
Mphasis shares down 1.28% as Nifty drops (25-10-2024)
A total of 2,401 shares changed hands on the counter till 10:51AM (IST).
Indiamart Intermesh – Indian Alibaba? (25-10-2024)
Basically management guidance was to maintain collections growth ~20-30% which started dipping below 20% since Q3’FY24 and they said they were still confident but it just kept getting lower every quarter. The reason for drop was lower net addittion of subscriber due to higher churn rates which the management themselves did not know how to solve. And Q2’FY25 results seem good but collection growth was 6%.
Unless collections growth/net adittion of subscribers don’t improve there is no way stock will go upward. Net adittion of subscribers since last 4 quarters have just been 2K QoQ, it needs to be atleast 5-8K QoQ for performance to improve.
The margins itself were higher just because less customer added so lesser customer acquistion costs, so margins will go down (even mgmt said so) once net adittion improves.
P.S: If you’re wondering why collection growth is important, it is basically a leading indicator for future revenues.
Stock market update: Nifty Realty index falls 2.39% in a weak market (25-10-2024)
The Nifty Realty index was trading 2.39 per cent down at 962.25.
KPIT – CASE (connected, autonomous, shared, electric) – Focused Automotive Play (25-10-2024)
None that I know but that’s something you will have to decide for yourself if management can fulfill or if they will slash guidance as the situation develops.