Latest news with #TracxnTechnologies
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Business Standard
18-07-2025
- Business
- Business Standard
Tracxn Technologies shares jump 5% as board approves share buyback; Details
Tracxn Technologies shares jumped 5.3 per cent, logging an intraday high at ₹62.83 per share on BSE. However, at 12:17 PM, Tracxn Technologies pared gains and the share price was trading 0.34 per cent higher at ₹59.84 per share on the BSE. In comparison, the BSE Sensex was down 0.74 per cent at 81,653.42. The company's market capitalisation stood at ₹641.54 crore. The 52-week high of the stock was at ₹107.93 per share, and the 52-week low of the stock was at ₹48 per share. Tracxn Technologies share buyback details On Thursday, after market hours, the company's board approved the proposal for a share buyback. The buyback price has been increased from ₹70 to ₹75. The maximum number of shares proposed to be bought back has been reduced from 11,42,857 to 10,66,666. A share buyback is when a company buys back its own shares from the stock market or shareholders. This reduces the number of shares available in the market. "We wish to inform you that the Buyback Committee of the company vide circular resolution dated July 17, 2025 has approved the following: (i) The Buyback Price has been increased from ₹70/- (Rupees Seventy only) per Equity Share to ₹ 75/- (Rupees Seventy-Five Only) per Equity Share," the filing read. It added: The maximum number of Equity Shares proposed to be bought back by the company has been reduced from 11,42,857 (Eleven Lakhs Forty-Two Thousand Eight Hundred and Fifty-Seven) fully paid-up Equity Shares to 10,66,666 (Ten Lakhs Sixty-Six Thousand Six Hundred and Sixty-Six) Equity Shares, representing 0.99 per cent of the total number of shares of the company. About Tracxn Technologies Founded in 2013 by ex-Venture Capitalists, Tracxn is a market research and data platform that tracks companies across the globe. Tracking 3.7M+ entities through 2.9k+ feeds categorized across industries, sectors, sub-sectors, geographies, affiliations, and networks globally. Its clientele includes VCs, PE Funds, M&A and Innovation teams of Fortune 500 companies, and Investment Banks who use Tracxn data for daily deal sourcing, identifying M&A targets, deal diligence, and tracking emerging themes across Industries & Markets. The Tracxn platform is also used by various Governments, Accelerators & Incubators, and Universities for tracking innovative companies and sectors.
Economic Times
10-07-2025
- Business
- Economic Times
Tracxn Technologies announces buyback with 21% premium, shares rally 3%
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of Tracxn Technologies were in focus on Thursday, rising 2.9% at Rs 59.80, after the company announced that its shareholders had approved its share buyback proposal. The buyback price has been set at Rs 70 per share, offering a 21% premium over the previous day's closing price of Rs a regulatory filing, the company confirmed that shareholders passed a special resolution via postal ballot, approving the repurchase of up to 11,42,857 fully paid-up equity shares, representing 1.07% of the total equity share buyback will be carried out through the tender offer route, in accordance with the Companies Act, 2013 and SEBI Buyback Regulations, 2018. The total buyback size is capped at Rs 7.99 crore, which accounts for 23.70% of the company's paid-up equity capital and free reserves, based on audited financials for company has set Friday, July 18, 2025, as the record date to determine the entitlement and names of eligible shareholders who can participate in the buyback will be funded in cash, and the record date for identifying eligible shareholders will be announced by the Buyback Committee in due course. The buyback size excludes transaction-related costs such as taxes, SEBI filing fees, brokerage, and legal move is aimed at enhancing shareholder value and optimizing the company's capital the technical front, the 14-day Relative Strength Index (RSI) for Tracxn Technologies stands at 52.1, indicating a neutral momentum. RSI is a commonly used indicator to assess whether a stock is overbought or oversold — values below 30 suggest oversold conditions, while above 70 indicate overbought the stock is trading above 6 out of 8 key Simple Moving Averages (SMAs), reflecting short- to mid-term strength. However, it continues to trade below the longer-term 150-day and 200-day SMAs, signaling that the broader trend may still be weak or yet to confirm a long-term reversal.
Time of India
10-07-2025
- Business
- Time of India
Tracxn Technologies announces buyback with 21% premium, shares rally 3%
Shares of Tracxn Technologies were in focus on Thursday, rising 2.9% at Rs 59.80, after the company announced that its shareholders had approved its share buyback proposal. The buyback price has been set at Rs 70 per share, offering a 21% premium over the previous day's closing price of Rs 58.04. In a regulatory filing, the company confirmed that shareholders passed a special resolution via postal ballot, approving the repurchase of up to 11,42,857 fully paid-up equity shares, representing 1.07% of the total equity share capital. The buyback will be carried out through the tender offer route, in accordance with the Companies Act, 2013 and SEBI Buyback Regulations, 2018. The total buyback size is capped at Rs 7.99 crore, which accounts for 23.70% of the company's paid-up equity capital and free reserves, based on audited financials for FY25. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. The company has set Friday, July 18, 2025, as the record date to determine the entitlement and names of eligible shareholders who can participate in the buyback. The buyback will be funded in cash, and the record date for identifying eligible shareholders will be announced by the Buyback Committee in due course. The buyback size excludes transaction-related costs such as taxes, SEBI filing fees, brokerage, and legal expenses. Live Events The move is aimed at enhancing shareholder value and optimizing the company's capital structure. On the technical front, the 14-day Relative Strength Index (RSI) for Tracxn Technologies stands at 52.1, indicating a neutral momentum. RSI is a commonly used indicator to assess whether a stock is overbought or oversold — values below 30 suggest oversold conditions, while above 70 indicate overbought levels. Currently, the stock is trading above 6 out of 8 key Simple Moving Averages (SMAs), reflecting short- to mid-term strength. However, it continues to trade below the longer-term 150-day and 200-day SMAs, signaling that the broader trend may still be weak or yet to confirm a long-term reversal.
Business Standard
27-05-2025
- Business
- Business Standard
Tracxn Technologies reports standalone net loss of Rs 7.58 crore in the March 2025 quarter
Sales rise 4.04% to Rs 21.14 crore Net loss of Tracxn Technologies reported to Rs 7.58 crore in the quarter ended March 2025 as against net profit of Rs 1.43 crore during the previous quarter ended March 2024. Sales rose 4.04% to Rs 21.14 crore in the quarter ended March 2025 as against Rs 20.32 crore during the previous quarter ended March 2024. For the full year,net loss reported to Rs 9.54 crore in the year ended March 2025 as against net profit of Rs 6.50 crore during the previous year ended March 2024. Sales rose 2.05% to Rs 84.47 crore in the year ended March 2025 as against Rs 82.77 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 21.1420.32 4 84.4782.77 2 OPM % -3.833.35 - 0.995.53 - PBDT 0.771.94 -60 6.748.85 -24 PBT 0.731.90 -62 6.638.68 -24 NP -7.581.43 PL -9.546.50 PL
Mint
23-05-2025
- Business
- Mint
Stocks to buy under ₹100: Experts recommend five shares to buy today — 23 May 2025
Stocks to buy under ₹ 100: Following the weak global market sentiments after the fall in the US stock market, the Indian stock market witnessed intense sell-off pressure on Thursday. On Wednesday, all three major Wall Street indices posted their most considerable daily monthly losses. The Nifty 50 index crashed 203 points and closed at 24,609. The BSE Sensex nosedived 644 points and finished at 80,951, while the Bank Nifty index ended 133 points lower at 54,941. There was broad-based selling in the Indian market, with the Nifty Midcap100 and Smallcap100 indices ending with losses of 0.5% and 0.3%, respectively. All sectoral indices ended in the red, with FMCG and IT being the weakest performers, ending with losses of over 1% each. On the Indian stock market's outlook today, Siddhartha Khemka, Head of Research—Wealth Management at Motilal Oswal, said, "While the global cues are weighing on Indian markets, optimism over the US-India trade settlement and positive domestic macros are likely to keep the markets range-bound." Speaking on the outlook of the Nifty 50 index, Shiju Kuthupalakkal, Senior Manager of Technical Research at Prabhudas Lilladher, said, "The Nifty 50 with a gap down opening session witnessed a volatile session and breached below the important support of 24500 zone but managed to recover in the final hours to close the session near 24600 level with bias still maintained positive overall. The index would need to sustain above the 24500 zone, failing which the next crucial support would be the 200 period MA at around the 24000 level. On the upside, a decisive breach above the 25000 zone is necessary to trigger a fresh upward move in the coming days." "The Bank Nifty index continues to hover near the 55000 zone with no major directional witnessed for quite some time and, as mentioned earlier, is gripped between the 55700 and 54400 levels, which needs to be breached on either side to trigger a fresh directional move. The overall bias is cautiously positive, with most frontline banking stocks finding consolidation. The overall bias maintained positive," said Shiju Kuthupalakkal of Prabhudas Lilladher. Regarding stocks to buy today, market experts — Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher; Mahesh M Ojha, AVP — Research at Hensex Securities; Sugandha Sachdeva, Founder of SS WealthStreet; and Anshul Jain, Head of Research at Lakshmishree Investment and Securities — recommended these five intraday stocks for today under ₹ 100: GMR Airports, Tracxn Technologies, Meghmani Organics, Jagran Prakashan, and Morepen Laboratories. 1] GMR Airports: Buy at ₹ 88, Target ₹ 96, Stop Loss ₹ 85. 2] Tracxn Technologies: Buy at ₹ 62 to ₹ 63, Targets ₹ 65, ₹ 67, ₹ 70, ₹ 72, Stop Loss ₹ 60.50; and 3] Meghmani Organics: Buy at ₹ 79 to ₹ 80, Targets ₹ 82, ₹ 85, ₹ 88, ₹ 90, Stop Loss ₹ 77. 4] Jagran Prakashan: Buy on dips at ₹ 74.20, Target ₹ 77, Stop Loss ₹ 72.70. 5] Morepen Laboratories: Buy at ₹ 65, Target ₹ 73, Stop Loss ₹ 60.
