Stock Market Explorer

Amateur investor. SEBI-registered criminal.
Tweets are not recommendations.
Learning and tweeting to track.

[Stock Market Explorer @EquityPlaya]

@himalayanhindu Bridge and Bihar are opposites

[Stock Market Explorer @EquityPlaya]

@Pixel_Stripes Bhandup pumping station signal coming from Airoli...

[Stock Market Explorer @EquityPlaya]

@TheCinesthetic Most comedy movies in this list cos most people don't have a sense of humor

[Stock Market Explorer @EquityPlaya]

@REDBOXINDIA **** fatey toh fatey, lekin nawabi na ghatey....

[Stock Market Explorer @EquityPlaya]

@20_1NM Him expecting a salary hike or promotion means that you never shared any feedback with him throughout the year? You're no friend.

[Stock Market Explorer @EquityPlaya]

@iamrakeshbansal Oh this is ridiculous! Please dispute this one with the authorities

[Stock Market Explorer @EquityPlaya]

@ActusDei Also is BSE 500 our marquee index?

[The Tennessee Holler @TheTNHoller]

CONAN AT HARVARD: “No university in our nation has produced more Nobel laureates or white collar criminals… so whether you choose good or evil, know that you are among the very best.”

[Stock Market Explorer @EquityPlaya]

@Fittrwithkj I have this sudden epiphany that you're most certainly a baiter collecting impressions for cents instead of educating anyone. Here's my last cent for you - this will be our last conversation on this site, mate.

[Stock Market Explorer @EquityPlaya]

@Fittrwithkj I think I will take that chance with real milk ice creams. Thanks for your opinion.

[Stock Market Explorer @EquityPlaya]

@jawharsircar It's true for all politicians... Ruling or opposition

[Stock Market Explorer @EquityPlaya]

@JakeraChoudhury Because of the war, even our celebrations are mid

[Malay Krishna @Malay4Product]

This is an unbelievable piece of work by Sarthak and something that requires amplification.

Let me explain what he found, in simple terms.

Sarthak is a Class 12 student from the 2025-26 batch, one of the 17 lakh students whose answer sheets went through CBSE's new On-Screen Marking system.

He spent days reading through CBSE's evaluation tenders, scraped all 576 tenders CBSE has issued, and tracked how the rules changed across three versions of the same tender.

The core finding is that the company that won the contract to scan and grade 17 lakh students' answer sheets is Coempt Eduteck.

Coempt used to be called Globarena Technologies. Globarena was the company behind the 2019 Telangana intermediate exam disaster, where software failures led to 3.8 lakh students getting wrong or missing marks, and 23 students died by suicide.

A government committee found systemic failure and negligence. Six months later, Globarena rebranded to Coempt Eduteck.

So a company with that track record won a contract to handle 17 lakh CBSE students. Sarthak's investigation is about how the rules were rewritten to let that happen.

The tender was issued three times.

> First tender, February 2025. It existed, then disappeared from the public GeM portal. Sarthak scraped all 576 CBSE tenders and this one was missing from the archive entirely.

> Second tender, May 2025. Four companies applied including TCS and Coempt. All four failed the technical evaluation. Cancelled.

> Third tender, August 2025. Coempt won. Between the second and third tender, a series of rule changes happened, and every single one made it easier for Coempt to qualify.

Here is what changed, one by one.

01. The old rules disqualified any company with a history of abandoning work, failing to complete contracts, or financial weakness. The new rules deleted this clause entirely. Coempt's Telangana history stopped being a barrier.

02. The old rules disqualified any company that was "blacklisted earlier." The new rules changed this to "currently blacklisted." Because Globarena rebranded after Telangana, removing the word "earlier" effectively erased their past.

03. The rules required Rs 50 crore average turnover over three years. Coempt's exact average came to Rs 50.86 crore. They cleared the bar by less than 1%. Earlier, a smaller company had asked CBSE to lower the bar to Rs 30 crore for fairer competition. CBSE refused. So the bar was kept high enough to block small players, but sat exactly low enough for Coempt to scrape through.

04. Software maturity is measured on the CMMI scale, 1 to 5. The old rules required Level 5. The new rules dropped it to Level 3. Coempt is a Level 3 company.

05. The cooling-off period for engaging retired CBSE officials was cut from two years to one. This makes it easier to use recently retired insiders to influence the process.

06. The old rules required experience with large projects of at least 5 lakh students each. The new rules removed the student count and counted cumulative answer-book volume across small projects instead. Coempt has many small fragmented university contracts. This helped Coempt and hurt TCS.

07. The old rules required bidders to own their own data centre and disaster recovery centre on Indian soil. The new rules allowed third-party MeitY-empanelled cloud hosting. Coempt runs on AWS and Azure. This helped Coempt and hurt TCS, which owns its own data centres. It also means student data is no longer on sovereign, Indian infrastructure.

08. The old rules required the bidder to own or control the complete source code of its software. The new rules deleted this. Coempt's platform runs on Microsoft's proprietary IIS, which they don't own.

09. A last-minute corrigendum, issued right before bid submission, removed CBSE's own power to blacklist the firm if its software failed catastrophically. So even a Telangana-scale failure couldn't get Coempt banned from future government tenders.

10. The penalty structure shifted from punishing mistakes to punishing delays. The old rules fined the vendor for wrong scanning, merged pages, and unscanned books. The new rules dropped those and instead levied Rs 50,000 per day for delays. This incentivises rushed scanning over accurate scanning.

11. The old rules had a hard accuracy threshold, error rate not to exceed 0.5%. The new rules removed this number entirely.

12. The old rules specified proper book and robotics scanners. The new rules just say "sufficient scanners." The definition was vague enough that, as Sarthak notes, the scanning could be done with a phone on a stand.

13. On the security side, the contract required a VAPT (vulnerability and penetration test) certified by CERT-In before go-live, and a restricted beta phase before launch. The system clearly wasn't restricted, because the other researcher, Nisarga, was able to access it and find vulnerabilities four days before go-live. So the mandatory security audit appears to have been bypassed.

These are more than a dozen rule changes, all between the failed tender and the winning tender, all pushing in the same direction, all benefiting the one company with the worst track record in the field.

The security holes Nisarga found last week now have an explanation. The system was built by a vendor that was specifically allowed to skip the security certification, the source code ownership, the data sovereignty, and the quality thresholds the original rules demanded.

Following things need to happen immediately;

1. An immediate CAG audit of the tender process.
2. A parliamentary debate on the topic.
3. An independent investigation into
> Why the first tender vanished?
> Why the disqualification clauses were deleted?
> Why the turnover bar was held exactly where it was?
> Why the security level was dropped?
> Why the blacklisting power was removed at the last moment?

Sarthak, this is genuinely exceptional investigative work. Far better than most journalists with full resources ever manage. Take a bow. :)

[Stock Market Explorer @EquityPlaya]

@aditya_kondawar Sometimes it's also the housewives who are not to be underestimated. They too have latent strength from housework that goes unnoticed. Many of them are able to lift more than you could have imagined.

[Stock Market Explorer @EquityPlaya]

The plan is to sit with the Q4 results tomorrow and analyse the best short/positional/long term picks, but this market volatility is making me nervous

[Stock Market Explorer @EquityPlaya]

@outofofficedaku The world comes together in the downfall of an evil organisation!

[Stock Market Explorer @EquityPlaya]

@JakeraChoudhury ma'am looking at the wrong chart for now (5 min chart)

[Janhavi Jain | Building SKIPD @janwhyy]

The Delhi High Court just ruled against Google in a trademark case that every Indian founder needs to know about!!

Hindware sued because searches for "Hindware" returned competitor ads - Cera, Grohe, above their own listing. Customers looking specifically for Hindware were being intercepted at the moment of highest intent.

The court ruled it trademark infringement. Competitor keyword bidding on your brand name is now legally actionable in India.

Search your brand name on Google right now.

If a competitor's ad appears before yours, you have a case, and your competitor has a problem.

This reshapes performance marketing in India. Keyword bidding on competitor names is standard practice across every category - beauty, fintech, edtech, D2C.

The brands doing it most aggressively are also the ones most exposed to this ruling. Let's see how this pans out.

[Stock Market Explorer @EquityPlaya]

@Atulsingh_asan Well, a commitment with them means nothing. When they haven't kept their commitments, then why should the rest of the world follow? Let us appease them thru handshakes and photo ops, and do what we want anyways.