As of 30-Jun-2024, promoters held 0.0 per cent stake in the company, while FIIs held 24.44 per cent and domestic institutional investors had 3.22 per cent.
India committed to strengthening Comprehensive Strategic Partnership with ASEAN (11-10-2024)
Prime Minister Narendra Modi has stated that India is committed to strengthening the Comprehensive Strategic Partnership between India and ASEAN. In the context of this year’s ASEAN Summit theme, “Enhancing Connectivity and Resilience,” PM noted that to promote tourism we could declare 2025 as the “ASEAN-India Year of Tourism.” For this initiative, India will commit USD 5 million. To commemorate a decade of India’s Act East Policy, we could organise a variety of events between India and ASEAN countries. Under the “India-ASEAN Science and Technology Fund,” we could hold an annual Women Scientists’ Conclave.
Ola Electric – Full Stack EV play? (11-10-2024)
Let me start with a disclosure: I am invested in OLA, and my views are biased, so take them with a pinch of salt. This is for educational purposes.
For investors, it’s important to see through the noise. There is a lot of noise in the market—so heavy that it seems OLA will be out of business soon. However, on the other hand, most brokerage reports are very positive.
There is a scarcity of data, and it’s difficult for investors to find reliable data. Hence, it’s important to view opinions/data holistically and read between the lines.
A YouTuber did a small but reliable survey. His 257 subscribers who owned OLA responded. It is reliable because he asked his subscribers to post pictures of their OLA vehicles along with their responses.
The enclosed screen is taken from the video.
Ola EV: India’s Biggest Automotive Chaos Explained!
According to it, 63% of complaints are tech-related. The YouTuber rightly pointed this out as well. And if you add suspension complaints (25%) and reverse mode (12%), other complaints are literally 1 or 2. Reverse mode also seems to be tech-related glitches, so you could say 75% of complaints are software-related, and the remaining 25% are suspension-related. If you look at it this way, it seems easily manageable.
The book, Innovator’s Dilemma, is a must-read. According to it, tech revolutions often start with inferior products and eventually improve in quality, replacing incumbents who ignore the tech revolution, thinking it won’t match their quality.
Disc: As indicated above.
Usha Martin Ltd leads gainers in ‘A’ group (11-10-2024)
Ashapura Minechem Ltd, Bandhan Bank Ltd, Neuland Laboratories Ltd and Triveni Turbine Ltd are among the other gainers in the BSE’s ‘A’ group today, 11 October 2024.
Ajay Srivastava on five sectors that may lead India’s growth story (11-10-2024)
The fourth theme is land-holding companies, particularly plantation companies. Today, they are valued based on their tea and coffee output, but as development progresses, we’re talking about huge square footage valuations.
InterGlobe rises 0.06% as Sensex slides (11-10-2024)
The stock traded at a P/E multiple of 23.05, while the price-to-book value ratio stood at 68.53.
National Stock Exchange to keep Nifty weekly options expiry (11-10-2024)
Powered by Capital Market – Live News
Marico shares gain 0.89% as Sensex falls (11-10-2024)
The stock quoted a 52-week high of Rs 719.8 and a 52-week low of Rs 486.75.