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Posts tagged All News
TBO Tek awards 17,730 stock options to employees (31-10-2024)
The stock options, which carry an exercise price of ₹59.96 per option, correspond to an equal number of equity shares with a face value of ₹1 each
HDB Financial Services files Red Herring Prospectus (31-10-2024)
With authoritative regulatory
All E Technologies, making businesses ready for AI (31-10-2024)
I heard their concall for the 1st time today. Honestly not impressed. Few observations:
- Touch of arrogance
- Indirect response to few direct questions (such as what are the sales channel for international mkts, blended billing rate, products vs svcs revenue mix).
- With ~1000 clients for a approx annual svcs revenue base of ~75 cr gives a sense that they are one among crowd serving their customers (& not really niche/ strategic), hence easily replaceable.
- On a like-to like-basis, avg annual svcs realization per employee is ~20 lakhs, which again looks low (hence does not give a sense of any niche kind of work).
- They have grown from 0-100 cr in 24 yrs. For growing 10x in next 10 yrs, could not get a sense of any strategy/ plan to achieve it. what is new that will help them deliver such a performance in future.
- Video on HR that CEO showed is basic chatbot that any IT company would have even without Gen AI. What’s so unique about All-e-tech here was missing.
- Product margin seems to be 16-19%. usually industry operates at ~10% margin. Hence as they will grow, this component may deflate the overall margins.
May be reading too much for a microcap but not convinced about the company somehow…
L&T, Vodafone Idea among 5 stocks with long buildup (31-10-2024)
In Thursday’s trading session, five stocks saw fresh long positions
Canara Bank shares 0.24% as Nifty drops (31-10-2024)
A total of 352,801 shares changed hands on the counter till 10:35AM (IST).
Prudent Corporate Advisory jumps 12% to hit 52-wk high on strong Q2 numbers (31-10-2024)
During the Q2FY25, the company’s profit after tax rose by 69 per cent Y-o-Y to Rs 51.5 crore, driven by robust operational growth and increased other income from treasury gains
Sensex falls! But these stocks are up over 15% on BSE (31-10-2024)
In the Nifty50 index, 16 stocks were trading in the green, while 34 stocks were in the red.
Steady Q2 For Deepak Fertilisers | Impact Of Anti- Dumping Duty On IPA Imports | ET Now (31-10-2024)
Benchmarks trade with modest cuts; IT shares under pressure (31-10-2024)
At 10:30 ST, the barometer index, the S&P BSE Sensex, declined 287.41 points or 0.37% to 79,651.43. The Nifty 50 index fell 78.45 points or 0.32% to 24,262.40.