Devangshu Datta

All stories by Devangshu Datta

Info Edge: Investors should wait for sell-off to end before making fresh entry

Info Edge: Investors should wait for sell-off to end before making fresh entry

Rediff.com21 Feb 2023

Although Info Edge delivered good results in the October-December quarter of the 2022-23 financial year (Q3FY23), the management guidance flagged visible weakness in the IT segment. That seems to have spooked investors who downgraded valuations for a very highly-valued company. The stock dropped by over 9 per cent as the market responded to the guidance and its implications more than the results.

Cyber Scams: How To Stay Protected

Cyber Scams: How To Stay Protected

Rediff.com17 Feb 2023

Don't recharge your phone at public outlets -- carry a power bank instead. Avoid clicking on links sent by 'friends'. If you get into an online sexual encounter with a stranger and get blackmailed, refuse to pay up.

Adani, Hindenburg, Hydrogen...

Adani, Hindenburg, Hydrogen...

Rediff.com7 Feb 2023

Given the hydrogen connection, it's ironic that Hindenburg Research released a long report, accusing the Adani group of financial manipulation, observes Devangshu Datta.

Can ChatGPT Cause A Global Catastrophe?

Can ChatGPT Cause A Global Catastrophe?

Rediff.com3 Feb 2023

Suppose NLP is weaponised to influence policymakers to go the wrong way on climate change, or launch military attacks on neighbouring countries, warns Devangshu Datta.

Why the 'sponsorless' mutual funds could be a good idea

Why the 'sponsorless' mutual funds could be a good idea

Rediff.com27 Jan 2023

The Securities and Exchange Board of India (Sebi) has just released a proposal to alter the regulations pertaining to the sponsor system for mutual funds. One of the reasons for the proposed changes is that there are two conflicting regulations that need to be clarified. The other reason is that the sponsor system may itself be outdated as it stands, and the proposed changes would allow new entities such as private equity funds and portfolio management services to enter this space.

ITC stock a good buying opportunity

ITC stock a good buying opportunity

Rediff.com23 Jan 2023

Target prices around Rs 400 suggest a significant upside.

Engineering & construction sector: 10 cos likely to see solid growth in FY24

Engineering & construction sector: 10 cos likely to see solid growth in FY24

Rediff.com20 Jan 2023

The engineering and construction (E&C) sector delivered an excellent performance in the last two financial years (FY2021-22 or FY22 and FY23's nine-months) and there's reason to believe that FY24 will also see outperformance. The sector has emerged from the pandemic with stronger balance sheets and more rational cost structures. It has a big order book and it should see new order flows accelerate in FY24.

Cement sector remains a puzzle to investors

Cement sector remains a puzzle to investors

Rediff.com13 Jan 2023

The cement industry continues to present a puzzle to investors.

Prospects remain healthy for NBFCs, bank credit shows a strong trend

Prospects remain healthy for NBFCs, bank credit shows a strong trend

Rediff.com29 Dec 2022

While rising interest rates and tighter liquidity are giving negative signals for the financial sector, increasing economic activity could mean higher business volumes for lenders. Liquidity in the banking system has moved from Rs 8 trillion surplus into a deficit of Rs 33,000 crore over the 2022 calendar year. By the end of November, bank credit had grown 17.5 per cent YoY (year-on-year).

Axis Bank in competition for best bank

Axis Bank in competition for best bank

Rediff.com29 Dec 2022

Axis Bank has strengthened its positioning -- on both the assets and liability side -- and it may be set to deliver sustained improvement in performance. The valuation gap between Axis Bank (which trades at 1.4x core book value (or BV) and peers like ICICI Bank (valued at 2x BV) is expected to narrow.

IT sector may be ripe for cherry picking

IT sector may be ripe for cherry picking

Rediff.com13 Dec 2022

The information technology (IT) services industry could see value investors taking selective punts in the near future. While growth remains visible, managements across the board have been cautious or measured in their guidance and have also complained about a combination of margin pressures and high churn. The two factors are related in that employee compensation is a large component of IT costs and high churn has forced firms to hike compensation packages and also invest more in hiring, training, and retention.

Musk, The Blue Tick, Twitter's Future

Musk, The Blue Tick, Twitter's Future

Rediff.com18 Nov 2022

It would be ludicrous to expect Modi, Erdogan or Biden to pay to keep blue ticks on their respective official accounts. It would be equally ludicrous to expect the Delhi Metro or the Income Tax Department to pay, points out Devangshu Datta.

Maruti Suzuki's Q2 result could impact auto sector stocks positively

Maruti Suzuki's Q2 result could impact auto sector stocks positively

Rediff.com7 Nov 2022

Maruti's results and the investor response indicate that quite a few stocks in the auto sector could be on the verge of a big bounce, says Devangshu Datta.

Banking Stocks: Time To Tread Cautiously

Banking Stocks: Time To Tread Cautiously

Rediff.com7 Nov 2022

The sector seems set for a rally that may be somewhat temporary.

Are Computers Destroying Chess?

Are Computers Destroying Chess?

Rediff.com25 Oct 2022

Cheating poses an existential challenge to chess. It's hard to know how it will be mitigated, but it must be, if chess is to continue being a legitimate sport, asserts Devangshu Datta.

Moonlighting: Well, why not?

Moonlighting: Well, why not?

Rediff.com10 Oct 2022

One reason for resistance to moonlighting is that WFH calls into question the necessity for the thick layers of middle and senior management which run most businesses, argues Devangshu Datta.

How Social Media Turned Porn Biz Upside Down

How Social Media Turned Porn Biz Upside Down

Rediff.com27 Aug 2022

Social media allowed them to connect even more directly with potential clients, and gave them multiple new marketing and outreach channels, explains Devangshu Datta.

A decade since the detection of God Particle: Why it matters

A decade since the detection of God Particle: Why it matters

Rediff.com26 Jul 2022

The Higgs filled a gap with its explanation for mass. Knowing the exact characteristics of the Higgs allows scientists to make better guesses of the structure of the universe in the first 10 microseconds after the Big Bang, says Devangshu Datta.

Explained: Why Wikipedia often appeals for funds

Explained: Why Wikipedia often appeals for funds

Rediff.com4 Jul 2022

This was not the first time "Wiki" - a widely used, free resource - was appealing for funds. Finally, reports indicated that Google had agreed to pay for Wikipedia content.

Why most analysts are positive on Nykaa

Why most analysts are positive on Nykaa

Rediff.com4 Jul 2022

FSN E-Commerce Ventures, the parent of Nykaa, has had a roller-coaster ride since listing last November. The initial public offering (IPO) was priced at Rs 1,125 apiece, and the stock listed at a 96 per cent premium, closing the first day at Rs 2,205 apiece. It subsequently hit a high of Rs 2,573 in late November, but has seen steady selling since, hitting a low of Rs 1,208 in May.

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