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SumanSpeaks Independent Capital Markets & Geopolitical Intelligence  |  Estd 2006 Corporate Strategy  |  AI Pivot & Power Infrastructure Reliance Power's AI Pivot (₹25.10): Rebranding, ₹9,000 Cr Capital, and a Policy Tailwind Arriving Right on Cue Four renamed subsidiaries. A ₹9,000 crore fundraise. And a state government simultaneously building the exact demand this pivot is betting on. On June 30, 2026, Reliance Power quietly filed one of the more consequential corporate-identity shifts in the Indian power sector this year. Four of its subsidiaries were renamed Reliance AI Green Power, Reliance AI Power, Reliance AI Data Control, and Reliance AI Data C — and the company formally added artificial intelligence and technology-enabled services to its business objects. This was not a data-centre announcement or a customer contract. It was...

FCS Software Ltd: Buy

CMP: Rs.3.05

FCS Software Solutions Limited offers software development, marketing, and support services to corporate business entities in India and the United States. Photo: FCS Software.

FCS Software Solutions reported the following consolidated quarterly numbers for the third quarter of 2022:

In September 2022, net sales were Rs.9.13 crore, a 12.55% increase from Rs.8.11 crore in September 2021.

Quarterly net profit increased by 2807.18% to Rs. 0.53 crore in September 2022, compared to Rs.0.02 crore in September 2021.

In September 2022, EBITDA stands at Rs.2.01 crore, up 47.79% from Rs.1.36 crore in September 2021.

FCS Software Solutions had ₹218.1 million of debt at March 2022, down from ₹246.1 million a year prior. On the flip side, it has ₹43.8 million in cash leading to net debt of about ₹174.3 million or Rs.17.43 Cr only.

Buy the shares of this microcap software company near the CMP for targets of Rs.4.8/Rs.6.5/7/9.6. SL: Rs.2.60.

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