Ujjwal Singh

The stock has experienced a substantial increase in its price, rising from 1644.25 INR on June 23, 2024, to 2710.65 INR currently. This represents a remarkable return of over 55% within 12 days. When considering an investment in a company, several key factors should be thoroughly evaluated to make an informed decision: Market capitalization (#marketcap) and #profit are interconnected metrics that provide insights into the financial health and valuation of a company. Here’s how they are linked: 1.       #Valuation and #InvestorPerception: Market cap reflects the total value that investors are willing to pay for a company's equity. It's essentially a reflection of the market's collective opinion on the company's future prospects, including its profitability. A company that consistently generates high profits is often valued more highly by investors, leading to a higher market cap. 2.       Earnings Per Share (#EPS): Profitability directly influences a company's earnings per share, which is calculated by dividing the company's net profit by the number of outstanding shares. Higher profits result in a higher EPS, which can positively impact the company's stock price and thus its market cap. 3.       #GrowthExpectations: Market cap not only considers current profits but also future growth expectations. A company with strong profitability and a track record of increasing profits is likely to have a higher market cap as investors anticipate continued growth. 4.       Sector and Industry #Comparisons: Market cap helps investors compare companies within the same sector or industry. Profitability metrics such as earnings growth rate and profit margins are crucial in determining whether a company's market cap is justified relative to its peers. 5.       #RiskAssessment: Investors often use profitability metrics alongside market cap to assess investment risk. A company with a high market cap but declining profits may face pressure to maintain its valuation, whereas a company with increasing profits may see its market cap rise as investor confidence grows. In summary, while market cap represents the market's valuation of a company, profitability directly influences this valuation by indicating the company's ability to generate earnings and sustain growth over time. Thus, understanding the linkage between market cap and profit is essential for evaluating investment opportunities and assessing a company's #financial #performance. Example: #GrowthExpectations #GRSE (GARDEN REACH SHIPBUILDERS & ENGINEERS LIMITED) A GOVERNMENT OF INDIA UNDERTAKING - MINISTRY OF DEFENCE #MakeinIndia Hindustan Times, 23 Jun 24: GRSE to build vessels worth $54 Million for German Firm (https://lnkd.in/gyrnWYTR) #sustainableinvesting

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It is always a great feeling to see one's efforts come to fruition and one such moment came a few days back when I became part of the launch of the book Technology, Policy and Inclusion - An Intersection of Ideas for Public Policy. It was almost at the fag end of my course at Bharti Institute of Public Policy, ISB when this idea was proposed and I was fortunate to be able to contribute two chapters in this edition focussing on the intersection of Public Policy & Technology. One of the chapters analyzes how Digital Governance tools aided COVID Management in India, while the other explores critical success factors for a National Data Exchange Platform. The book is available as an open access publication and is freely available here: https://lnkd.in/d2WdHk7T. Wouldn't be fair if I do not thank the editors of the volume and the faculty at BIPP, especially Anjal and Dr. Aarushi Jain who kept motivating me to complete the task at hand. Getting published is rewarding, but more than that it leaves me humbled (after going through the grind :P), with much more appreciation for the authors all around, especially those going through the academic route. Many congratulations to all co-authors of the publication !!! Feedback welcome !!! Avik Sarkar, Ph.D. Puran Singh Shoma Choudhury Routledge Taylor & Francis Group #publicpolicy #publication #opendataplatform #digitalgovernance

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The Coal Ministry has sought proposals from public and private sector players for Coal Gasification projects under the INR 8,500 cr. viability gap funding scheme which had been approved by the Union Cabinet in Jan this year. China has very successfully monetized its indigenous coal resources to meet its Energy, Chemical, and Petrochemical demands. 90% of China’s Ammonia and 70% of Methanol are through Coal Gasification. While there are several Gasification Technology challenges for India primarily due to the higher ash content in indigenous coal, the support being received from the GoI is very encouraging. Gasification projects would have a cascading effect on the entire Indian Chemicals Industry. Please do read my earlier publication in the Chemicals Digest Magazine on the same topic. Also please feel free to get in touch to discuss any insights/trends in the Chemicals/Oil & Gas/Energy Sector

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As June 4 approaches fast, PSU stocks have started to rally significantly. Many winning stocks from the previous rally are making a comeback, including those in the railway sector (RVNL, IRFC, IRCTC), defence sector (HAL, Cochin Shipyard), and many other government-owned listed shares. In a post-budget interview recently, India's Finance Minister, Nirmala Sitharaman, said, "We are making sure that valuations of each PSU entity are kept up, they are improved upon, and markets should view them favourably." Call it their focused approach to improving efficiency or the Indian financial market's buoyancy, PSUs are expected to continue to rally if policy stability continues. Our team at Finding Outperformers recently conducted an analysis on this topic and explained why we continue to prefer 'Coal India' from the pack. Read our analysis below ⬇️ '𝐑𝐞𝐛𝐢𝐫𝐭𝐡 𝐨𝐟 𝐏𝐒𝐔𝐬'- https://lnkd.in/g9uwBVRA (Disc: Not a recommendation, DYOA) #psu #india #elections

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Abhijit Varma and I wrote about how AI and DPI can significantly contribute to broader economic growth and public health by expanding access for the underserved population. #ArtificialIntelligence #ResponsibleAI #DigitalPublicInfrastructure #India #Trilliondollareconomy

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📈 India’s $10.5 Trillion Infrastructure Ambition: The Role of Technology in Building the Future 🇮🇳 India’s infrastructure ambitions by 2047 are groundbreaking, aiming for an ₹880 lakh crore ($10.5 trillion) investment to modernize the nation’s physical landscape. From expanding ports and building bullet trains to advancing sustainable energy, this investment promises to reshape India’s cities, economy, and quality of life. Here’s how cutting-edge technology and strategic planning will fuel these ambitions and accelerate India’s journey to becoming a global powerhouse. This is India’s moment to lead on the global stage — a future where technology fuels sustainable growth, urban infrastructure fosters inclusivity, and the youth drives innovation forward. What are your thoughts? Do you think India has what it takes to realize this $10.5 Trillion Infrastructure Ambition? 💭👇 (Link to the article in the comment section below!) #business #technology #india #indianeconomy #growth #innovation #sustainability #leadership #sustainabledevelopment #inclusivegrowth #entrepreneurship #startups #venturecapital #investors #infrastructure #construction #india2047 #ai #quantumcomputing #urbanmobility #robotics #engineering #urbanindia #publicprivatepartnership #management #egovernance #deeptech #economy #techforgood #smartcities

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A few thoughts on the trade and economic reform implications of Indian election result before we head into the long weekend. ICYMI, despite being returned to government for an historic third term, the BJP fell well short of the landmark victory predicted by exit polls, and will be forced to rely on its National Democratic Alliance partners to form a coalition government. For Australian businesses, the environment of policy certainty that characterised the last decade will become more contested. On balance, however, the result delivers more continuity than change. Five key takeaways below: 1. Majority governments are the exception, rather than the norm in the Indian political system. But for Modi, working as part of a coalition will represent a major change to his political operating environment. 2. How Modi navigates this new context will be critical. The result will place new constraints on the government and may impact Modi’s ability to execute his policy and economic reform agenda. 3. We should expect to see domestic hurdles become more pronounced over the next term, and the pace of reform to slow. Modi will need to renew focus on the domestic challenges that likely contributed to this result 4. The fundamental drivers of India’s economic growth remain robust and the BJP will retain its focus on pro-business economic reforms. Australia will continue to be an important partner for India as it pursues its economic aims. 5. Modi will still become one of the longest-serving Prime Ministers in Indian history. Ultimately, this continuity is good news for Australian businesses looking to capitalise on opportunities in India. #India #Elections #IndiaPolitics #Trade #Business

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India and Germany recently strengthened their bilateral cooperation with eight key agreements signed across various sectors. These included: 1. Civil Aviation: A joint declaration to enhance collaboration in civil aviation. 2. Smart Cities: A partnership within the International Smart Cities Network, promoting urban development. 3. Vocational Training: An agreement focused on skill development and vocational training. 4. Start-ups: A declaration aimed at boosting economic cooperation in the start-up ecosystem. 5. Agricultural Development: A project to develop agricultural markets in both nations. 6. Occupational Health: A memorandum targeting vocational training and rehabilitation for workers with disabilities. 7. Maritime Technology: Cooperation in inland, coastal, and maritime technology for mutual advancements. 8. Scientific Research: A commitment to expand scientific and technological research cooperation. These agreements reflect India and Germany's growing partnership, especially in economic growth, technology, and sustainable urban and rural development.

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You might have come across various reports, articles, and columns, but our latest opinion piece offers a fresh, in-depth perspective you won't want to miss. Manoj Bansal and I have crafted a comprehensive analysis of the Union Budget 2024–25, highlighting one of its most impactful features: the introduction of the “Climate Finance Taxonomy.”. This groundbreaking approach is pivotal for directing capital towards sustainable, climate-resilient infrastructure and practices. Our detailed take not only delves into this significant development but also provides valuable insights into how this budget propels India towards a greener future. Dive into our full analysis to explore how this policy shift aligns with the vision of Viksit Bharat and its implications for climate action. 🔗 Link: https://lnkd.in/gS-apgEU #UnionBudget2024 #ClimateFinance #ViksitBharat #SustainableDevelopment #ClimateAction #GTonBudget #GTBharat

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India’s Digitalization Digitalization will support India in improving delivery and access of government to citizen digital services at various levels of government including local government, enhancing awareness about government to citizen digital services and increasing citizen engagement and... Read More: https://lnkd.in/dYbVjGGd

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*Centre may increase green bond target by 25% to ₹25,000-26,000 crore next year to fund renewable energy projects* https://lnkd.in/dPxUQMEn *Rhik Kundu* The Indian government is counting on growing demand for eco-friendly financing. With India’s inclusion in major global bond indices, investor interest in green bonds is expected to surge. New Delhi: The government plans to raise ₹25,000-26,000 crore through sovereign green bonds in the next fiscal year, marking an at least 25% increase from its ₹20,000 crore target for FY25, to boost financing for climate-friendly projects, two people familiar with the matter told mint. The move aligns with the central government’s objective of leveraging green bonds more extensively to fund sustainable infrastructure projects, with an announcement likely to be made in the upcoming budget, the people said. A finance ministry spokesperson didn't respond to emailed queries. Typically, green bonds help fund renewable energy projects. With several such public sector projects in the pipeline, policymakers expect the funds raised through this route to be easily utilized. The government then raised ₹5,000 crore in November, after almost ₹3,500 crore devolved on primary dealers, suggesting lack of investor interest. It plans to raise an additional ₹15,000 crore through green bonds in December, January and February, taking the proceeds for the ongoing fiscal to about ₹21,000-22,000 crore. The partial devolvement of ₹3,497.985 crore in November highlights the issuer’s commitment to price discipline, said Venkatakrishnan Srinivasan, managing partner at Rockfort Fincap Llp, a financial advisory firm. “Market participants can interpret this as a sign of the government’s intent to build a credible and consistent framework for green bond issuances," Srinivasan added. The government’s deliberate approach to preserving green bond pricing underscores its vision of positioning sovereign green bonds as a benchmark asset class within the ESG (environmental, social, and governance) investment landscape. “By pricing these bonds competitively against conventional benchmarks, the government aims to attract long-term institutional investors and build a sustainable green bond market," said Srinivasan. *It is a premium article. You may wish to read the entire story in tomorrow’s print edition*

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The recent news of Rs.10 crores being given by the Maharashtra Government to the WAQF Board has upset a lot of people, especially supporters of BJP. If any property is accepted as a WAQF property, it would then be impossible to sell it anymore even if such a property has been wrongfully claimed as WAQF property. Thousands of acres of land all over our country has been wrongfully claimed as WAQF property and the original owners of such land are incapable of fighting it off in the Tribunal or any other place of Law. When the WAQF Property Act itself has been claimed as being illegal, why can it not be done away with and the government use such land judiciously? When this BJP government could do away with Article 370 in J & K, can they not protect their own land from being swallowed by trespassers who claim it as their own even after being given about 1/3rd of the land during Partition? Is it not a travesty to keep paying more and more to them even if they do not contribute to the revenues of the Government? And is it not a crime to keep only Hindus away from the largesse that the State and Central Governments want to dole out only to Abrahamics for appeasement? Will digitizing it and putting the stamp of ownership not legalise the loot? Do read the writeup to know more ...

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The deterioration in air quality in New Delhi, with the city's air quality index turning severe and the average PM (particulate matter) levels this year being the highest in the five years, has once again underlined the imperative need for a policy focus beyond a seasonal approach. Excessive emphasis on questionable responses such as using smog towers, which are supposed to act as giant air purifiers and water sprinklers whose efficacy is restricted to the immediate vicinity and leaving the broader cityscape unaffected, has largely detracted the policymakers from building the institutional capacities required to clean up the city's air. It is time Delhi needs pragmatic, data-driven, and science-based solutions to the crippling air pollution that it grapples with for years and puts the lives of their residents in jeopardy.

When Nitin Gadkari said few years back he will do away with the away with physical toll barriers, it wasn't a vision in a very far fetched future. And see few days back we have the EOIs floated for GNSS based tolling. This is what makes him one of the best ministers in our country. In an official statement issued, NHAI said - "Initially it will use a hybrid model where both FASTag-based and Global Navigation Satellite System (GNSS) will operate simultaneously. Dedicated GNSS lanes will be available at toll plazas, allowing vehicle using GNSS-based tolling to pass through freely. As GNSS-based tolling becomes more widespread, all lanes will eventually be converted to GNSS lanes." As of March 2024, more than 98% of user fee payments are made through FASTTag and amount collected is around Rs. 54,750 crores. Article Link - https://lnkd.in/edEpK4xs #nhai #toll #tollplaza #gnss #fasttag #roads #transport

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Government seems keen on reducing pendency, but don't be alarmed if SPL1s are thrown out as swiftly as they are filed. Here are some innocuous goings-on: a) Consensus (about #amnesty) was reached long before Jul 2024 b) Construct (of rule) so inelegant, like a draft on night of 7/8 Oct c) Construct (of forms) so pedestrian, that Jan 2025 is too late d) Yet pay off dues by Mar 2025 is too soon e) Unwillingness to defer (APL1) disposal is alarming f) Eagerness to invoke 78 is disheartening g) And 75(2) relief is not forthcoming. Say, there will be 1 mil. SPL1s filed by Jun 2025 and another 1 mil. SPL2s by Dec 2025 (A). SPL3 must be issued within A+3 mts. (N). And reply filed within N+1 (R). If reply not satisfactory, issue SPL7 within R+3. And everyone knows, not all SCN-OIOs are online. SPL1/2 for offline cases will have to be verified manually. Online ones will obviously not be auto-approved either. And if some tool is used to auto-verify, then 'human stupidity' will be in for such monumental mistrust that 'artificial intelligence' will glitch and dish out SPL3. Aggravated by great peril - in issuing SPL7 (in place of SPL5) - that will befall POs that 'when in doubt issue SPL5' will be the way to go. At the very least, issue SPL3 and avoid erroneous SPL5. When POs are petrified, FAAs will loath issuing SPL6. How many "only interest" (FAQ4) cases are pending at various stages? New-found wisdom teaches that somehow these cases fit into 75(12). And how may "only tran credit" (FAQ11) cases are pending? If RP has made a slip, why not move entire demand into recovery. Good faith will be evident if "31 Mar 2025" is moved to a date when "online functionality is operational + 5 mts.". After all, that was the opportunity Legislature allowed. Ask yourself when someone is deceived, who is responsible? One who was so darn gullible to be easily deceived or Deceiver who pulled it off? Unless there have never been instances where #GST has failed diligent taxpayers, one can hope SLP3s will be few and far between. But.... GSTN advisory that functionality will be available only in the "first week of Jan 2025" is disappointing, to put it politely. And if there is no extension of "last date", that will be insincere, to avoid putting it discourteously. RPs must be at their very attentive best while filling out SPL1 or SPL2. RPs must NOT outsource this service. And no one must take responsibility to file these forms. After all, this is a very precious and final opportunity for RP to bring quietus to disgusting gaffes caused in the 3 years this scheme covers. Appeal against SPL7 must NOT be on merits (of underlying demand) but be limited to (i) coverage of #scheme (ii) application filed within limitation and (iii) satisfaction of pre-condition. It's this last one that will cause great angst to RPs because payments (against demands) have been made via DRC3, DRC13 and even 3B, that will not be admitted in 3A for variety of reasons, including natural stupidity!

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Auditing 2,000 #GLCs is a huge step forward towards #Responsible_Privatisation The Top-3 reasons for the audit are: 1. It identifies underperforming companies with assets that can be sold to raise money for other priorities 2. It can close dormant companies to cut crowding out of private firms 3. It can identify and cut patronage cascades where cronies get jobs in GLCs that do not function Thanks to Nur Asila Abd Jalil at The New Straits Times Press (Malaysia) Berhad for this You can read my Responsible Privatisation paper at Institute for Democracy and Economic Affairs | IDEAS https://lnkd.in/d6ivMnyz --- https://lnkd.in/d3hk_nhB

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