CL Educate Completes Acquisition of NSEIT’s DEX Business

CL Educate Limited, a leading Indian education company listed on NSE and BSE, announced the successful closure of its acquisition of the Digital Exam Assessment (DEX) business of NSEIT Limited, a step-down subsidiary of the National Stock Exchange of India (NSE). This acquisition strengthens CL Educate’s position in the fast-growing…

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How Tata Son’s Chandra has contributed to marathon running

This Sunday was marathon day in Mumbai. Typically held on the third Sunday of January, the Mumbai marathon is India’s flagship marathon. Over 60,000 people participated in the  today. The Tata Group, jointly with TCS, became the title sponsor of the Mumbai marathon in 2018, which had the Standard Chartered…

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Should large IT distributors enter e-Waste Recycling

Is Rashi Peripherals, among the largest IT distributors in the country, missing a trick by not having entered the e-waste recycling business? Rashi’s market cap could well get overtaken in 2025 by a e-waste recycling company: Eco Recycling. See the table below. Rashi’s market cap at ~Rs 2800 crore while…

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Asian Paints feeling the heat

Earlier this year, on 15th July, we wrote in a post titled ‘The Coming Paint Wars’ Asian Paints is likely to underperform for a considerable period. Since then, it has declared two quarterly results, for Q1 and Q2 FY25. After the Q2 results, which came out this Friday, the stock…

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Innomet to start trading on Sep 18 on NSE SME Exchange

At Wisdomsmith, we have been happy to see India’s two SME exchanges providing an avenue for SME entrepreneurs to raise equity capital. It is hard for most SME businesses that are not tech startups to  raise venture capital funding. This week, Innomet Advanced Materials, a Hyderabad based SME company, will…

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Why the DEX acquisition could be a winner for CL Educate

The recently announced acquisition of the digital examination – called DEX for short – from NSEIT, a subsidiary of India’s leading exchange National Stock Exchange (NSE), could be a good deal for CL Educate shareholders. DEX conducts digital, multiple-choice type of exams. The tests are mainly of 2 types –…

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A Quality stock that can recover from a correction

The share price of Sarthak Metals has come down to Rs 195 and is just 5% over its 52-week low. Sarthak’s share price movement contrasts with the overall market, which is at an all-time high. While there are valid reasons for stock price to have come down, current levels may…

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Sarthak Metal’s FY24 Report Card: Building for the future in a tough year

Sarthak Metal’s core business of supplying certain consumables – cored wires and aluminium flipping coils – for the manufacture of steel continued to suffer headwinds in FY24. For the second year in a row revenue fell, coming down to Rs 305 crore in FY24 as compared to Rs 408 crore…

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CL Educate’s FY24 results show some reassuring numbers

CL Educate’s FY24 show that the company is moving in the right direction in both its businesses. In its education business, the main point for investors to focus on is – how are the new business segments of Study Abroad, CUET and Platform services are growing. In FY24, these business…

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DJ Media Print: Niche services in Document Management

DJ Media Print and Logistics Limited, a listed company, is in the niche business of printing and document related services. One of its growing businesses is Document Imaging and Archival Services. As part of this business, DJ Media offers high speed document scanning, and then archival and storage services for…

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