On Friday, gold prices rose to approximately ₹75,800, driven by data that increased expectations for a Federal Reserve interest rate cut next month. Market participants were also keenly awaiting the U.S.
Indian Oil Corp. shares drop 0.51% as Sensex falls (11-10-2024)
On the technical charts, the RSI of the stock stood at 39.07.
Ahluwalia Contracts bags contract worth Rs 1,095 crore from DLF City Centre (11-10-2024)
Ahluwalia Contracts (India) said that it has secured a construction order from DLF City Centre worth Rs 1,094.67 crore.
Tata Power declines 0.81% as Sensex slides (11-10-2024)
The stock traded at a P/E multiple of 40.0, while the price-to-book value ratio stood at 3.89.
Arkade Developers gains after Q1 PAT spurts to Rs 30 crore (11-10-2024)
Arkade Developers rallied 3.96% to Rs 165.45 after the company’s consolidated net profit zoomed 359.47% to Rs 30.22 crore in Q1 FY25 as against Rs 6.58 crore posted in Q1 FY24.
Shree Cements shares fall 1.04% as Nifty drops (11-10-2024)
A total of 142 shares changed hands on the counter till time (IST).
NPST – Technology Provider for UPI Tech (11-10-2024)
Okay, so let me try and explain what I am looking at. There are 3 things:
- GTV by NPST (NPST reports this in every concall)
- EVOK revenue (Total Revenue x EVOK revenue %)
- Cosmos Bank Payee PSP Volume data (from NPCI website)
As can be seen from above, on QoQ basis, EVOK revenue growth is very similar to the growth of the total GTV. However, both EVOK revenue growth and GTV growth, seem to not have a similar correlation with the Cosmos Bank Payee PSP volume data. For eg, in latest quarter, Cosmos Payee PSP volume grew by 197%, but the total GTV grew by 43%. Now, how can that be? 1 reason I see is that it might not be 1-to-1 correlated. In fact, in Sept 2023, a 35% QoQ fall was seen in the Cosmos Payee PSP data, but EVOK revenues grew by 14%.
I am not trying to make any conclusions from a derived metric (like 0.27% and 0.47% like you have mentioned) and just sticking to the numbers that have been clearly stated by NPST or NPCI website.