NPST – Technology Provider for UPI Tech (30-09-2024)
As of last Q it’s 20% from TSP and 80% from evok.
Evok was launched in late 2022. So it’s not even 2 years and this is the contribution. It’s doesn’t take P.HD level math to understand that the near/medium prospects of company are tied to evok/cosmos angle.
They may say whatever on the number of products in pipeline and ready for launch But market may lookout for the prospects of evok ?
Evok topline was linked to transaction value/volume and hence it was easier to show super growth. TSP topline isn’t linked to transaction volume but to number of clients. So the growth was dwarfed by evok. iMHO the million dollar question is, which of future products can have characteristics similar to evok in terms of growth possibility.
Sensex plunges 1.5 per cent amid global tensions and profit-taking (30-09-2024)
Reliance Industries and Axis Bank decline over 3 per cent each on the Sensex
Stock market update: Sugar stocks up as market falls (30-09-2024)
The 30-share BSE Sensex closed down 1272.07 points at 84299.78
Nifty October futures trade at premium (30-09-2024)
NSE India VIX jumped 6.89% to 12.79.
DELHIVERY – One stop solution for shipping and parcel delivery (30-09-2024)
Delhivery saw close to 20% increase in the Mutual fund holding in the month of August as seen below
Additionally there were 17 fresh Schemes entries in the month of August, out of which 15 were non index or passive funds.
This shows there is a huge buying interest building up in Delhivery.
Source: Stocks held by Mutual Funds | Delhivery Ltd | RupeeVest
ICRA reaffirms ‘AA-‘ rating of GMM Pfaudler with ‘stable’ outlook (30-09-2024)
GMM Pfaudler said that the credit rating agency ICRA has reaffirmed the company’s long-term rating at ‘[ICRA] AA-‘ with ‘stable’ outlook.
Indian investors pay hefty premiums for China exposure (30-09-2024)
Indian investors are paying hefty premiums to invest in China markets, with stocks there posting their biggest weekly gain in nearly 16 years. Savvy investors were seen making a dash to invest in the only two China-focused exchange-traded funds (ETFs) available in the domestic markets. On Friday, Mirae Asset Hang Seng Tech ETF closed at Rs 16.9 on the NSE, nearly