Banks record a higher deposit growth rate in Q2 FY25 (05-10-2024)
Banks recorded a higher growth year-on-year (Y-o-Y) in raising deposits during the second quarter of financial year 2025 (Q2FY25) compared to Q1FY25, owing to intensified efforts to raise liabilities by offering higher rates and innovative schemes.
What has India gained? What has Pakistan lost?: Kapil Sibal asks as Jaishankar gears up to travel to Pakistan for SCO Summit (05-10-2024)
External Affairs Minister S Jaishankar will lead the Indian delegation to Pakistan for the SCO Summit 2024. This will be the first visit by an Indian minister to Pakistan in nine years. Rajya Sabha MP Kapil Sibal questioned the benefits and losses of this visit. The meeting is scheduled for October 15-16 in Islamabad.
Vikas Khemani’s Carnelian Fund has invested ₹40 Cr in R Systems (05-10-2024)
Vikas Khemani's Carnelian Fund has invested ₹40 Cr in R Systems. Co has expertise in product engg, Cloud, AI & Automation. Blackstone group are Promoters (52%) & ex-Infy executive Nitesh Bansal is CEO. Co is play on accelerating shift to cloud & AI adoption. Reasonable valuation
![[IMG]](https://pbs.twimg.com/media/GZGzkHeaUAAllJ7?format=png&name=small)
![[IMG]](https://pbs.twimg.com/media/GZGzkHcbUAAnleY?format=png&name=900x900)
Vikas Khemani's Carnelian Fund has invested ₹40 Cr in R Systems
Cyient DLM Limited (05-10-2024)
Cyient DLM acquires a US based EMS company Altek Electronics. They are operational in the healthcare and industrial segments and more importantly has ITAR ( International traffic in Arms regulation) certification which enables Cyient to supply to the US military .
Disc: Invested.
Signs of recovery in IT space; HCL Technologies & TCS could give over 20% return in 1 year (05-10-2024)
The Indian tech industry is witnessing a pivotal recovery with rising demand and shifting client spending. Mid-tier firms, especially in data engineering and ERP modernization, are outperforming. Key players like HCL Tech and TCS show promising growth, bolstered by a favourable economic outlook.
SG Mart- Can it successfully create a marketplace? (05-10-2024)
I see SG Mart a bit differently, Infra market is getting ready for the IPO, during last round they raised funding at $2.5 billion in May’24, per the articles the IPO would be at higher valuations than last round. Infra Market had a revenue of ~12k crores in FY2023 and PAT of 155 crores which is expected to grow at 15% to 20% in FY2024 (~10k crores in first 9 months of FY2024), company’s working capital days are longer as it extends credit by itself(company’s net debt at the end of Dec’2024 was ~2.8k crores) and its liquidity was marked as weak during the latest rating by the rating agency. SG mart can generate ~6k crores of revenue in the current year with PAT crossing 100 crores and with better working capital management (because the credit days are extended through SG finserve just like in case of Off Market), SG Mart can have at least half of the market cap (~12k crores to ~15k crores) that Infra Market will demand. I may be wrong but risk reward seems reasonable from here.
X- @amitsinghpal
My Portfolio (Updates and Suggestions) (05-10-2024)
I am waiting for more correction to take entry! 