Latest news with #ECM
Mint
6 days ago
- Business
- Mint
Five IT stocks down up to 30% from 52-week highs. Is there a turnaround in sight?
The Nifty IT index remains at January 2022 levels, yielding zero returns in over three and a half years to investors. But individual stocks have fared much worse. Some of the biggest names in IT have taken a hit, dropping as much as 30% from their peaks. Is this fall just due to market jitters, earnings misses, shifting investor sentiment, or is it a sign of deeper trouble? Should you be looking for value when the market is worried? We break down the top 5 IT stocks that have taken a tumble and what it could mean for investors. Take a look… #1 Newgen Software Technologies First on the list is Newgen Software Technologies. It provides an enterprise-wide unified Low Code digital transformation platform, NewgenONE, designed to digitize content, automate processes, and enhance omnichannel customer engagement. The company's offerings include Contextual Content Services (ECM) with OmniDocs, Low Code Process Automation (BPM) with iBPS, and Omnichannel Customer Engagement (CCM) with OmniOMS. Newgen also incorporates advanced technologies such as artificial intelligence and machine learning for data science and intelligent document processing (IDP Studio) to streamline data-to-insights development and automate information extraction. The stock is down more than 50% from its 52-week high. Coming to its financial performance, the company has delivered a top-line growth of 24% CAGR over a 3-year period and a net profit CAGR of 24%. The last three-year ROE has been 22%. Looking ahead, Newgen Software Technologies' management is in investment mode for sales, marketing, and product development. Treating Q1 FY26 as an exception, the management stated that its overall aspiration is to accelerate the growth rate above its historical growth rates and that, over the long-term outlook, they do not foresee any change, expecting growth to remain in the high teens or low 20%. Regarding revenue and order book, management highlighted that Q1 FY26 revenues were impacted by softness in deal closures. It was observed that customers are taking more time and being cautious in decision-making and project starts, leading to lower funnel conversion than initially anticipated. While the deal pipeline is healthy, with a significant number of large deals, the concern is the closure of these large deals. The management anticipates that closure rates would gradually improve in the coming quarters, leading to improvement in overall growth in the second half of the year, and that annuity revenues will continue to pick up growth as projects close. There have been no reported deal cancellations that impacted the quarter. The company continues to invest in R&D (9% of revenues) as well as sales & marketing (26% of revenues). The net margin goal is around 20%. However, the management acknowledged that if growth falls substantially, margins would be affected, as the company is not currently poised to maintain margins at very low growth rates. Also Read: HCLTech's CEO is already the richest among top five IT peers—and his pay is rising further #2 Sonata Software This digital engineering company operates across four key verticals: Healthcare life sciences (HLS), banking financial services (BFSI), retail manufacturing, and technology, media and telecom. Its global presence spans five core geographies, including North America, UK, Europe, India, and Australia. Sonata Software invests in data, AI, and modernisation engineering capabilities, utilising differentiated IP, lightning tools, and robust offerings. The stock is down more than 45% from its 52-week high. Coming to its financial performance, the company has delivered a top-line growth of 22% CAGR over a 3-year period and a net profit CAGR of 4%. The last three-year ROE has been 31%. Looking ahead, the company's ambition for the next three to five years is industry-leading growth, particularly at the intersection of AI and modernisation. It aspires to be in the top quadrant of growth in the four industries it competes in. The company maintains a healthy, large deal pipeline, with 33% of it comprising Fortune 500 clients and 45% of the active pipeline consisting of large deals. For profit and margin trajectory, management indicated a potential one-quarter delay in returning to the earlier target of 20%+ EBITDA margin for international services but reiterated that recovery is on track. Furthermore, the company expanded its near-shore presence in Mexico and Malaysia, with both centres now employing more than 100 professionals. #3 Birlasoft Birlasoft is a leading global IT services and solutions provider, operating as a part of the multibillion-dollar CKA Birla Group. The company focuses on cloud, AI, and digital technologies, integrating domain expertise with comprehensive enterprise solutions. Its service offerings include digital and data, ERP, and infrastructure, catering to sectors such as manufacturing, BFSI (banking, financial services, and insurance), energy and utilities, and lifesciences and services. The stock is down more than 40% from its 52-week high. Coming to its financial performance, the company has delivered a top-line growth of 9% CAGR over a 3-year period and a net profit CAGR of 3%. The last three-year ROE has been 17%. Looking ahead, the company's endeavour is to maintain revenue growth, but there could be a minor decline in the short term. Growth is expected to return starting Q2FY26. For the full year FY26, Birlasoft's endeavour is to deliver better revenue performance than FY25, although it may be only slightly better due to existing headwinds. It expects the overall year total contract value (TCV) for FY26 to be better than FY25's TCV. The current discretionary/project-based business contributes about 70% of overall revenues. The endeavour is to reduce this to at least 50%, with a greater focus on multi-year annuity-based deals. #4 KPIT Technologies KPIT Technologies, a global technology company primarily focused on providing software solutions for the mobility sector. KPIT specialises in embedded software, AI, and digital solutions, utilising its extensive domain expertise to help clients accelerate the development and implementation of next-generation mobility technologies. Its work includes the development and realisation of software-defined vehicles (SDVs), electrification, advanced driver-assistance systems (AD-ADAS), body electronics, vehicle architecture, middleware, cloud-based connected services, intelligent cockpits, digital connected solutions, and diagnostics. The stock is down more than 35% from its 52-week high. Coming to its financial performance, the company has delivered a top-line growth of 34% CAGR over a three-year period and a net profit CAGR of 44%. The last three-year ROE has been 31%. Looking ahead, KPIT Technologies' management believes that any short-term uncertainties, such as those related to tariffs, are a matter of a quarter or two at most, and the conversion of orders into revenue is expected to accelerate thereafter. The management anticipates that transformative large engagements already secured will significantly contribute to revenue growth, specifically in the second half of FY26. Regarding the orderbook, KPIT has demonstrated consistent momentum, with deal closures progressively increasing QoQ, indicating a robust and growing pipeline. The management expects this strong deal pipeline to continue, with hopes for closure on at least one large deal in the current quarter and acceleration in the next couple of quarters as market conditions stabilise. #5 Tata Consultancy Services Tata Consultancy Services or TCS, a global IT services company, provides a broad spectrum of technology services and solutions, integrating expertise in deploying technology with contextual knowledge of enterprise data, business processes, industry strengths, and change management. The stock is down more than 30% from its 52-week high. Coming to its financial performance, the company has delivered a top-line growth of 10% CAGR over a 3-year period and a net profit CAGR of 8%. The last three-year ROE has been 50%. Looking ahead, the management said the international market will perform better in FY26 than in FY25 in constant currency terms, and that it's their aspiration to continue to drive growth, although it's a high bar to cross. Also Read: If TCS is truly preparing for the future, introspection must start in the C-suite Conclusion Just because a stock is down doesn't mean it's a bargain. Sometimes it's just broken and stays that way. The IT companies here are growing. Some are investing aggressively. Others are rebuilding. But the risk is that not all of them will come out stronger. Competitive pressure can be a catalyst. It forces companies to evolve, sharpen their edge, and come back better. However, the same pressure can expose weak business models, poor leadership, or over-reliance on legacy clients. That's how value picks quietly become value traps. So tread carefully. A falling stock price isn't a green light to invest. It's an invitation to investigate. Ask the question: Is this a temporary setback or a structural issue? Is the company gaining relevance or losing it? Smart investing is less about catching the bottom and more about knowing what you're actually buying. Therefore, it's important to conduct thorough research on financials and corporate governance before making investment decisions, ensuring they align with your financial goals and risk tolerance. Happy Investing. Disclaimer: This article is for information purposes only. It is not a stock recommendation and should not be treated as such. This article is syndicated from
Cision Canada
28-07-2025
- Business
- Cision Canada
Soma Gold Announces $15 million Non-Brokered LIFE Private Placement
VANCOUVER, BC, July 28, 2025 /CNW/ - Soma Gold Corp. (TSXV: SOMA) (WKN: A2P4DU) (OTC: SMAGF) (the " Company" or " Soma") is pleased to announce a non-brokered private placement offering (the "Offering") of up to 13,043,478 units of the Company (each, a "Unit") at a price of C$1.15 per Unit, for gross proceeds of up to C$15,000,000 (the "Base Offering"), with an option to increase the size of the Offering by up to an additional 15% (the "Greenshoe Option"), for total gross proceeds of up to C$17,250,000 if fully exercised. The Offering is being completed pursuant to the amendments to National Instrument 45-106 - Prospectus Exemptions set forth in Part 5A thereof (the "LIFE Exemption") to purchasers resident in Canada, except Québec, and such other jurisdictions outside of Canada in compliance with applicable securities laws of those jurisdictions. ECM Capital Advisors and Greenwood Capital Partners will be acting as finders in connection with the Offering. The Company will be filing a Form 45-106F19 offering document (the "Offering Document") related to the Offering, which will be accessible under Soma Gold's profile at once filed. Prospective investors should read the Offering Document before making an investment decision. Each Unit will consist of one common share in the capital of the Company (each, a "Common Share") and one-half of one Common Share purchase warrant (each, a "Warrant"). Each Warrant will entitle the holder thereof to acquire one additional Common Share at an exercise price of CAD$2.00 per Common Share for a period of 36 months from the date of issuance. The Units issued in the Offering will be subject to an Accelerated Exercise provision that stipulates that if the shares of the Company trade above $3.00 for a period of 30 days, the Warrants will expire 30 days after such date unless exercised earlier. Such Warrants will not be subject to any statutory hold period under applicable Canadian securities laws, subject to limitations prescribed by the LIFE Exemption. In connection with the Offering, the Company expects to convert approximately C$10 million of outstanding debt held by certain insiders into Units at the same terms as the Offering. This conversion is expected to close concurrently with the Offering. The Company has also engaged ECM Capital Advisors Ltd. ("ECM") to act as its financial advisor and may pay fees in accordance with the policies of the TSX Venture Exchange (the "Exchange"), being a cash commission of up to 6.0% plus 6% in Brokers Warrants, on total proceeds, received from subscribers introduced to the Company by ECM. The Company may also pay certain reasonable expenses incurred by ECM up to a maximum of $5,000, exclusive of taxes. The net proceeds of the Offering will be used to support Soma's ongoing mill expansion, installation of ore sorting infrastructure, accelerated exploration, development of the Nechi mine, and working capital, as more specifically detailed in the Offering Document. The Offering may close in multiple tranches, with the first tranche closing expected to occur on or before August 8, 2025 and the final closing to occur no later than August 15 th, 2025. The Offering is subject to certain conditions, including, but not limited to, receipt of all necessary approvals, including the approval of the Exchange. The securities issued pursuant to the Offering have not, nor will they be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons in the absence of U.S. registration or an applicable exemption from the U.S. registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful. Geoff Hampson, Soma's CEO, states, "Our exploration success confirms the potential to expand the resource through additional drilling and related activities. Our organic growth strategy focuses on increasing both resources and feed material, followed by phased increases in gold production through ore-sorting and mill capacity upgrades. With additional capital, we can accelerate this plan, enabling us to achieve our production targets sooner and at a lower long-term cost. Conex Services Ins, an insider-controlled company and Soma's senior lender, is demonstrating strong support by converting $10 million of debt into equity under the same terms as this financing." ABOUT SOMA GOLD Soma Gold Corp. (TSXV: SOMA) is a profitable mining company focused on gold production and exploration. The Company owns over 43 sq. kilometers of mineral concessions following the prolific OTU fault in Antioquia, Colombia and two fully permitted mills located within 25 kilometers of each other, with a combined milling capacity of 675 tpd. The El Bagre Mill operates at 450 TPD and the el Limon mill is slated to restart operations in Q3 2025. Internally generated funds are being used to finance a regional exploration program. With a solid commitment to sustainability and community engagement, Soma Gold Corp. is dedicated to achieving excellence in all aspects of its operations. The Company also owns an exploration property near Tucuma, Para State, Brazil that is currently under option to Ero Copper Corp. On behalf of the Board of Directors "Geoff Hampson" Chief Executive Officer and President Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. All statements, analysis and other information contained in this press release about anticipated future events or results constitute forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "expect" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions. Forward-looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward-looking statements. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. The Company does not undertake any obligation to update forward-looking statements even if circumstances or management's estimates or opinions should change except as required by applicable laws. Investors should not place undue reliance on forward-looking statements.
North Wales Live
28-07-2025
- Climate
- North Wales Live
Week-long summer holiday heatwave could leave parts of Wales baking in 35C
Ridges of high pressure over the Continent have the potential to bring extreme heat to Wales and England in the second week of August. A heatwave lasting a week or even longer is being forecast by one weather model with the mercury soaring to 37C in places. GFS model runs suggest heating building on Sunday, August 3, and peaking on Sunday, August 10. If this happens, Monmouthshire could see highs of 35C with the North Wales coast hitting 31C. Forecasts suggest the heat slowly ebbing from west Wales on Monday, August 11. However Border counties could still see highs of 31C-33C, with a scorching 37C in central England. Hot weather from Spain and Portugal is currently being held at bay by low pressure trapped by the Jet Stream. An Azores high is nudging into southwest Britain, creating a north-south divide which is expected to remain the dominant pattern into early August – rain further north, more settled in the south. But by the second week of August, the Azores high could break free of its shackles. Writing over the weekend, Netweather meteorologist Ian Simpson said: 'Longer range outputs from the GFS model indicate that, from there, it won't take much to get some of that hot weather in Spain and Portugal spreading back northwards through western Europe, should one of those ridges of high pressure head eastwards into central Europe. 'This is a long way off, and substantial heat through Britain and France looks unlikely for at least another 10 days.' Despite this, the Global Forest System (GFS) indicates heat starting to build next weekend, from Sunday, August 3, initially in southern Britain. By Tuesday, it forecasts the plume of warm air reaching east Wales, bringing highs of 24C in Monmouthshire and 23C further north. During the course of the week, the warm air is modelled to slowly move into northwest Wales, peaking over the second weekend in August. On current forecasts, only northern Anglesey and the tip of the Llŷn Peninsula may miss out. On Sunday, highs of 33C could be seen in mid and northeast Wales. Temperatures on the North Wales coast are set to be a balmy 31C, with Gwynedd's western coast hitting 28C-29C. Hot weather may persist over England into the following week, the GFS model suggests. Forecasts at this range are mired in uncertainty and not all models agree. For example, ECM forecasts suggests any influx of heat over Britain could struggle to reach Wales and northern England. However the Met Office said there are 'hints of a more settled August", with 'tentative signs of a more settled spell developing' early in the month. Thereafter, the national forecaster remains cautious. 'Some models are hinting at a Scandinavian high building to the north of the UK, which could bring drier and warmer conditions,' it said. 'However, confidence remains low at this range.'
Mint
28-07-2025
- Business
- Mint
BEL Q1 net profit at ₹969.13 rises 25% year on year: revenue rises 5.2%
Q1 Results: BEL net profit for the quarter ending June 2025 at ₹ 969.13 rises 25% year-on-year compared to ₹ 776.14 crore in the year-ago quarter During the quarter ending June 2025, the Bharat Electronics net profit at ₹ 969.13 crore marked a strong 24.86% increase over the ₹ 776.14 crore reported by the company during the year-ago quarter. The reported revenues from operations at ₹ 4416.83 were up 5.2% year-on-year compared to ₹ 4198.77 crore in the year-ago quarter. The reported bottom line was boosted by better operating performance, with profit before exceptional items and tax at ₹ 1289.24 crore, also jumped 24.28% compared to ₹ 1037.34 crore. The investor confidence has remained strong on Bharat Electronics and street had been anticipating good jump in earnings The order book position of the company as of 1st July, 2025, stood at Rs. 74,859 Crore Bharat Electronics thereafter in July also had been registering strong order inflows. Bharat Electronics Limited (BEL), a Navratna Defence Public Sector Undertaking, on 25 July signed a contract with the Ministry of Defence worth Rs. 1640 crore (excluding taxes) to deliver Air Defence Fire Control Radars to the Indian Army. DRDO-designed and BEL-manufactured radars effectively defend against aviation threats during the day and night, regardless of weather. Radars with ECM capabilities are used to monitor, track, and control air defense guns for efficient neutralization. The system is designed to be modular and easy to deploy, operate, and maintain. Bharat Electronics, in addition to a large order from the Indian army, had announced that it has secured additional orders worth Rs. 563 Crore since the last disclosure on 30th June 2025. Major orders received include National Maritime Domain Awareness, Inertial Navigation System for guns, Communication equipment, Active Antenna Array unit, Satcom Interception System, Seekers, Target Acquisition System, jammers, spares, services, etc. BEL share price that had dipped to intraday lows of ₹ 383.10 on Monday with the pressure on the stock markets, however, bounced back post Q1 results to close at ₹ 389.35 on a day when sensex ended with a decline of 0.7%
Business Upturn
25-07-2025
- Business
- Business Upturn
Bharat Electronics secures Rs 1,640 crore contract to supply Air Defence Fire Control Radars to Indian Army
Bharat Electronics Limited (BEL), a Navratna Defence PSU, has signed a contract worth ₹1,640 crore (excluding taxes) with the Ministry of Defence. The agreement is for the supply of state-of-the-art Air Defence Fire Control Radars to the Indian Army. These advanced radars, designed by DRDO and manufactured by BEL, are fully indigenous and equipped to detect and track aerial threats both day and night, in all weather conditions. The systems feature built-in Electronic Counter Measures (ECM) capabilities and are capable of performing surveillance, target acquisition, tracking, and fire control for air defence guns. Modular in design, the radar systems are easy to deploy, operate, and maintain—making them a critical addition to India's defence infrastructure. This deal further strengthens BEL's position as a key player in India's self-reliance push in defence technology under the 'Make in India' initiative. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
