The initial reaction of the market to the Q4 and full year FY23 results of CL Educate (NSE: CLEDUCATE, BSE: 540403) was negative. The stock fell 2% on 11-May-23 to close at Rs 53.15, the Thursday of the last week, the day the results were declared. However, the next day,…
Read More For more than a month now, the share price of CL Educate (BSE: 540403, NSE: CLEDUCATE), has traded around Rs 55 levels, somewhat insulated against the global market turmoil. At this levels, the stock is down 15% on a y-o-y basis. CL Educate stock was last seen at these levels…
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Sarthak Metals once again declared a healthy EBITDA, both in absolute terms and margins, despit its consumers – the steel makers – still struggling for margins. This confirms what the management has been saying: that Sarthak’s business is not exposed to steel sector cyclicality. Key Points from Q3 FY23 results:…
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Growth momentum continued in Q3 FY23 despite Q3 traditionally being the weakest quarter due to exams. EdTech and MarTech revenues were up 31% and 22% respectively on a y-o-y basis. CL has crossed FY22 revenue and EBITDA in 9m FY23. While much of this recovery is due to return to…
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The last Friday Sarthak Metals hit a 52 week high of Rs 179.25. The scrip has gained 38% in the last one month. This validates what Wisdomsmith has been saying about Sarthak, that it is a high quality stock, due for a re-rating. Even at the 52 week high, Sarthak…
Read More After the second quarter FY23 results for Sarthak Metals, we wrote to investors reiterating the market was undervaluing the company. Now comes the news that central government has rolled back export duty for some steel intermediates. A 50% tax on exports of iron-ore lumps will be reversed just a few…
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CL Educate Limited informed the exchanges on Saturday that it is selling one of its last two surplus real estate assets. Career Launcher Infrastructure Private Limited (wholly owned Subsidiary of CL Educate Limited) has entered into an ‘Agreement to Sell’ dated September 23, 2022 for its Land and Building admeasuring…
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Indrayani Biotech (BSE: 526445) is a growth stock that is likely to show strong double digit growth over the next few years. In its Annual Report released the last week, the company has projected a consolidated revenue of Rs 150 crore for FY23. In comparison, the revenue for FY22 was Rs…
Read More Our new Investor Relations client Sarthak Metals offers great value to investors at the current price. Firstly, its business: Sarthak Metals is a supplier of couple of important ingredients in the manufacture of steel. While the name may suggest that Sarthak is a manufacturer of metals, it is a supplier…
Read More FY22 saw CL Educate once again moving ahead purposefully. Several positives emerged: Reported EBITDA had a healthy look, growth returned, surplus real estate was partly disposed, debt reduced and net cash increased, merger of subsidiaries got consummated. The management is now firmly focused on pursuing growth objectives in both EdTech…
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