Shares of Amber Enterprises India gained 2.8 percent intraday on November 11 after reporting a strong set of earnings in the September quarter.The stock has rallied more than 40 percent in the last nine months. It was quoting at Rs 987, up Rs 13.60, or 1.40 percent, on the BSE at 1042 hours IST.Amber, the prominent solution provider for air conditioner OEM/ODM, continued its strong performance, beating revenue estimate by 10 percent. The Room Air Conditioner (RAC) volumes grew at an impressive 127 percent YoY, as continued demand for RACs even in a lean season and new customers supported the growth.Close The skew in product mix toward Indoor Units (IDUs) led to lower gross margins, which in turn restricted EBITDA growth. The operating performance of subsidiaries was encouraging, with better performance on the margin front. related news Bull run intact? Experts say Moody's India downgrade may only have short-term implications Eicher Motors Q2 FY20: Weak numbers, … [Read more...] about Amber Enterprises reports strong Q2 earnings; should investors buy, sell or hold?
Iowa amber alert
Moody's downgrade of India's outlook to "negative" from "stable" over growth concerns saw the market end the week with moderate gains.Improved earnings, government’s measures for the real estate sector and easing of trade tensions between the US and China saw the market move steadily through the week but most of the gains were erased after Moody's November 8 outlook.The same day, the Sensex touched a fresh all-time high of 40,749.33, while a day earlier, the Nifty closed above 12,000 for the first time since June 4, 2019. The Nifty Bank index also touched 31,000 levels for the first time since July 8.Close Foreign Institutional Investors (FIIs) remained net buyers during, as they bought equities worth Rs 3,204.93 crore, while Domestic Institutional Investors (DIIs) sold equities worth of Rs 4431.27 crore. related news Amber Enterprises reports strong Q2 earnings; should investors buy, sell or hold? Top buy and sell ideas by Ashwani Gujral, Prakash Gaba, Sudarshan … [Read more...] about Brokerages maintain ‘sell’ but raise target price in these 3 stocks; do you own any?
Harnessing the power of crowdsourcing, viral branding, and service outreach has propelled the notion of the “extended enterprise” into high gear in a hyper-connected global world where ideas and information are shared instantly and constantly. The term “extended enterprise” was coined in the 1990s at the Chrysler Corporation to explain the necessities to extend collaborative relationships between internal and external organizations. advertisement advertisement Today, this extension reaches further than anyone could have imagined just a couple decades ago. The consumerization of technology, communication and connectivity allows any enterprise to reach out to anyone anywhere in the world at any time. Evidence of the growing extended enterprise can be found in any industry or initiative. Consider the following two examples: As soon as news of the deaths, devastation and destruction caused by Hurricane Sandy hit, relief efforts flooded social media … [Read more...] about Is Crowdsourcing The Right Choice For Your Business?
The market has continued to consolidate since last week especially after hitting a record high levels on the Sensex.Benchmark indices had rallied nearly 13 percent since September 20 when the government reduced the corporate tax rate by 10 percent and gained more than 4 percent since the beginning of the Diwali festival.The rally indicated that the Q2 earnings, which were slightly better-than-expected, seems to have priced in and the market is looking for more trigger for further directional move.Close In the week gone by, benchmark indices saw moderate gains due to sell-off in Friday's trade on account of Moody's downgrade. The broader markets underperformed frontliners as the BSE Midcap and Smallcap indices corrected 1 percent each. related news RIL, ICICI Bank among 5 brokerage picks that can return 11-17% in 8-12 months 'As market eyes new high smart money could move to banks, FMCG & IT' Amber Enterprises reports strong Q2 earnings; should investors buy, sell or … [Read more...] about Market rallies 4% since Diwali, these 16 stocks hit record high
advertisement advertisement Entrepreneurs are increasingly turning their eyes to developing markets–because if you can provide places like Africa with products that are vital to the population, you can ignite economic and social development and profit at the same time. Everybody wins. But how do you design a product that the developing world needs? Artefact, a Seattle-based design consultancy, specializes in that problem. Tomorrow they’ll be holding an online seminar at My Design Shop about what they’ve learned, and the detailed steps involved in planning overseas field research. In advance of the talk, we spoke with Martijn van Tilburg and Masuma Henry the designer and UX researcher who’ll be leading the seminar. Van Tilburg says the main challenge is simply knowing what people in the developing world might want or need, given how vastly different their daily lives are from our own–and that’s why Artefact views the research period as the most … [Read more...] about Field Research Can Be Rough, but It’s the Only Way to Design for the Developing World