Swinging Out Of Red: Rays Of Belief Bets On US Arbitrage, Rapid India Expansion After Q1 EBITDA Leaps 10x
A quarterly results development with market-wide reach.
· NDTV Profit
In an interaction with NDTV Profit, Nitin Bindlish, Founder and Managing Director of Rays of Belief said that a primary growth catalyst was the company's push into the US. Following an initial acquisition completed in June last year, the US operation contributed roughly 51% of total revenue during the quarter.
The analysis
Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
Market context
- The immediate tone of coverage reads positive.
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