“As we move further into this place where we’re using more machine learning and AI-enabled solutions, we’re going to get better at checking for certain things, like whether someone is actually a member of the crew team in high school,” says Rucker, referring to the recent university admissions scandal. “This information is typically publicly available on a website, which we could crawl for that,” he adds. “Of course, if we want to get into the area of data privacy, that’s a totally different topic.” … [Read more...] about Schools are using software to help pick who gets in. What could go wrong?
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Hindustan Zinc reported a steady set of Q3FY20 numbers wherein topline, EBITDA and PAT came in broadly in line with our estimates. For the quarter, zinc sales volumes came in at ~172000 tonnes (up 2% QoQ & down 8% YoY), lead sales volume came in at ~42000 tonnes (down 5% QoQ, 22% YoY) while silver sales volume came in at ~154000 kg (up 14% QoQ, down 13% YoY). Topline was at Rs 4672 crore (up 4% QoQ, down 16% YoY) in line our estimate of Rs 4688 crore. EBITDA came in at Rs 2289 crore (up 8% QoQ, down 19% YoY), broadly in line with our estimate of Rs 2317 crore. EBITDA margin came in at 49.0% (51.2% in Q3FY19, 46.9% in Q2FY20) vs. our estimate of 49.4%. HZL’s cost of production (CoP) before royalty during the quarter was US$1077 (Rs 76571) per tonne, up 3% in US$ terms (4% in rupee terms) sequentially. During the quarter, HZL reported PAT of Rs 1620 crore, a decline of 22% QoQ, 27% YoY (our estimate: Rs 1650 crore). Excluding the one-time impact of deferred tax reversal in … [Read more...] about Buy Hindustan Zinc; target of Rs 245: ICICI Direct
Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app. Read More … [Read more...] about Buy VST Industries; target of Rs 5200: ICICI Direct