Silver December futures on MCX reach a lifetime high of Rs 98,224/kg, nearing the Rs 1 lakh/kg mark. Driven by industrial demand and gold’s rally, silver’s price gains are buoyed by retail interest, EV sector demand, and geopolitical uncertainties.
Allied Blenders & Distillers launches Russian Standard Vodka in India (21-10-2024)
Consistently ranked as one of the fastest-growing spirits brands in the world, it is the number one premium Vodka in Russia boasting 30% market share in premium category and also a number one Russian Vodka globally being exported to over 85 countries. Russian Standard Vodka is made with the finest ingredients in the state-of-the-art distillery in St. Petersburg, Russia. They use glacial water from nearby Lake Ladoga for its purity and winter wheat from the rich soil of the Russian Steppes for its unique taste. The strategic arrangement between ABDL and Roust
Corporation leverages the strengths of both companies. ABDL’s extensive distribution network and consumer marketing expertise will complement Roust Corporation’s globally renowned vodka premium portfolio namely Russian Standard Original, Gold and Platinum.
Broker’s call: Tata Consumer (Accumulate) (21-10-2024)
Elara Securities
E2E Networks Ltd – Listed small Cloud computing player (21-10-2024)
Below is a tabular comparison of E2E Networks Limited’s financial performance, highlighting key expenses and metrics on a quarter-over-quarter (QoQ) and year-over-year (YoY) basis:
| Particulars | Q2 FY2025 | Q1 FY2025 | QoQ Change | Q2 FY2024 | YoY Change |
|---|---|---|---|---|---|
| Revenue from Operations | ₹47.55 crore | ₹41.33 crore | 15.03% | ₹21.65 crore | 119.52% |
| Other Income | ₹0.86 crore | ₹0.34 crore | 152.94% | ₹0.40 crore | 115.00% |
| Total Income | ₹48.41 crore | ₹41.67 crore | 16.15% | ₹22.05 crore | 119.52% |
| Expenses: | |||||
| – Purchase of Services and Consumables | ₹7.24 crore | ₹6.67 crore | 8.54% | ₹5.06 crore | 43.07% |
| – Employee Benefit Expenses | ₹6.09 crore | ₹5.11 crore | 19.37% | ₹3.61 crore | 68.69% |
| – Depreciation and Amortization | ₹12.57 crore | ₹10.70 crore | 17.52% | ₹2.53 crore | 396.44% |
| – Finance Costs | ₹3.62 crore | ₹3.36 crore | 7.74% | ₹0.36 crore | 905.56% |
| – Other Expenses | ₹2.78 crore | ₹2.27 crore | 22.47% | ₹1.80 crore | 54.44% |
| Total Expenses | ₹32.30 crore | ₹28.11 crore | 14.92% | ₹13.36 crore | 141.79% |
| Profit Before Tax | ₹16.11 crore | ₹13.56 crore | 18.79% | ₹8.69 crore | 85.34% |
| Tax Expenses | ₹3.96 crore | ₹3.42 crore | 15.79% | ₹2.90 crore | 36.90% |
| Net Profit After Tax | ₹12.15 crore | ₹10.14 crore | 19.79% | ₹5.79 crore | 109.80% |
Q2 Result.pdf (6.1 MB)
While the results are impressive across various financial metrics, I was hoping to see stronger topline growth. The generative AI industry in India still has a long way to mature, but as this transformational technology is adopted across industries globally, it opens up opportunities for new players—especially those focused on GPU-intensive rather than CPU-centric hyperscalers. This shift is not limited to India but is a worldwide trend. Incumbents like AWS and Azure are also making strides in the GPU space with some exciting innovations. The key reason I believe new entrants can capitalize on this is the evolving usage of technology by emerging companies. Unlike the pre-generative AI era, when cloud computing was a smaller part of total expenditures, cloud GPU costs are now becoming a major factor in business models of tech companies.
As investors, I believe we need to stay vigilant regarding the rapidly shifting landscape of this industry. This could be one of the fastest technological shifts the world has seen. The drivers of this change include rapid advancements in GPU chip technology, improvements in large language models (LLMs), AI Agents and quicker adoption of AI across industries. Over time, the cost of these components will decrease, further driving demand, innovation and adoption.
Exciting times lie ahead!
Disclosure – Invested
Epack Durable secures contract manufacturing deal from Hisense (21-10-2024)
Hisense has contracted Epack Durable to setup advanced dedicated manufacturing facility in India to produce Hisense range of Air conditioners and Home Appliances using Hisense’s proprietary technology & designs.
India to launch coal exchange soon: Coal minister G Kishan Reddy (21-10-2024)
“Last week we took a briefing on setting up coal exchange,” Minister added but didn’t disclose the exact timing on when the exchange will come up
Zomato – Should you order? (21-10-2024)
How can prices remain same? Dmart optimises only for price. How can qcomm offer the same prices while providing delivery, such large assortment and what not
Membership drive: 61 pc of those who joined BJP aged below 35, says JP Nadda (21-10-2024)
Quoting BJP President J P Nadda, Sambit Patra revealed that 61% of new members in the ongoing BJP membership drive are under 35. This highlights a significant youth engagement following Prime Minister Modi’s appeal for young non-political-background individuals to participate in politics, countering nepotism and dynasty politics.
Kesar Petroproducts (21-10-2024)
[Latest Updates:
Kesar Petroproducts has signed an MoU with Govt. of Assam to invest Rs. 2,000 cr. for production of methanol from raw bamboo. Present M. Cap. is Rs. 272 cr.
Also, with recent preferential issue the promoter share holding will shoot by 3.68% (63.85% to 67.53%)](https://www.business-northeast.com/biofuel-industry-takes-center-stage-at-24th-safe-annual-convention-2023). Promoter might be increasing the stake at lower levels to dilute it at much higher level