Planned Company Rollouts
Smart OTT – SVOD with Hyper-Personalization (Launch 4th Quarter 2024)
International movies, series and award-winning documentaries from around the world that are critically acclaimed and hard to find.
Exclusive streaming channels and programs with hyper-personalization, that curate playlists for sub.scribers to achieve their health goals.
Healthcare Technology Services
Focus: To provide telemedicine solutions for the growing medical needs in India, starting with the North-Eastern regions.
U.S. Operations: Lytus through the U.S. research unit offers telemedicine services support to Indian patients.
India Operations: Ready to launch telemedicine in India using an advanced technology platform in conjunction with Lytus’s pioneering local health center network and mobile health camps.
Services: Offering basic healthcare monitoring with the help of smart devices, software systems and diagnostic / examination support services.
Value Proposition: Our existing customer base and access to a significant connected infrastructure enables us to provide telemedicine services for the health needs for two million families.
Payment Gateway to existing 4 million + active users.
E Wallet for seamless transactions.
Banking services in your hand.
Wealth management and st-ock market integration.
Insurance plans with best option services.
Sources: LYTUS Company Presentation.
As mentioned above, LYT has several potential catalysts to focus on right now. Check them out:
No. 1 LYT Potential Catalyst - With A Low Float, Volatility Will Need To Be On Watch (Closely)
According to the Yahoo Finance website, LYT has a low float.
The website reports this profile to have roughly 8.57Mn shares in its float.
Why is that important? It's important on one crucial level. Volatility.
Could positive company news towards the end of 2023 provide a breakout spark?
No. 2 LYT Potential Catalyst - LYT Dives Head-first Into The Fintech Sector With New Game-changing Launch
Lytus Technologies enters Fintech space with the launch of a new payment gateway in India
~Will in-vest 50Mn doll-ars to expand their fintech service in India over the next 5 years~
Mumbai | New York, July 24, 2023 (GLOBE NEWSWIRE) -- Nasdaq-listed Lytus Technologies Holdings PTV. Ltd. (the “Company”) (NASDAQ: LYT), a leading global technology-driven services company, has announced the launch of its payments gateway for Indian consumers. This marks the entry of Lytus Technologies into the Indian fintech market through the introduction of its payments gateway offerings to businesses in the Indian cable and broadband sector.
Lytus Technologies entered the Indian market with its Telecast & Multicast and broadband services and recently acquired a 51% stake in Sri Sai Cable and Broadband Private Limited in Telangana, India. With the strategic aim of expanding its footprint in India by offering diverse services to Indian consumers, the launch of the payment gateway will provide an additional boost to the company in the market. Initially, Lytus consumers using IPTV and broadband services will enjoy the convenience of the new payment gateway, facilitating their transactions.
The Indian Fintech market is currently the second largest market in the world by deal volume. It is expected to grow to USD 2.1Tn by 2030 at a CAGR of more than 18%. With a fintech adoption rate of 87% against the global average of 64%, India is one of the fastest growing fintech markets in the world. The Indian fintech industry has experienced exponential growth over the past few years, supported by the Indian government's initiatives to promote the digitization of financial systems and a cashless economy. This effort has successfully shifted consumer focus toward digital alternatives for fi-nan-cial transactions and services. The rise of digital commerce, along with innovations in payment technology using AI, block.chain, the Internet of Things (IoT), and the introduction of mobile point-of-sale (POS) devices, has significantly contributed to the tremendous success of the fintech industry in India.
According to Shreyas Shah, CFO of Lytus Technologies, "Lytus's unique business model is particularly suited to expand its fintech services offering to its nationwide base of nearly 4 million users. The company intends to in-vest 50Mn dol-lars to expand its fintech business in India over the next five years. While the initial rollout is focused on a B2B model, it plans to extend services to its individual subscribers within the next 12 months. Lytus' fintech products will be initially available to customers in metro cities, and the company will also focus on offering its fintech services to businesses and individuals in rural parts of India to bridge the gap that currently exists in the traditional banking sector."
Huzaefa Lokhandwala, CEO of Lytus Fintech, anticipates that, "Over the course of the next several months, Lytus intends to expand the scope of its fintech services to include AI-driven next-generation payment platforms, P2P lending, block.chain, insurtech, digital shareholder services, cross-border payments, among other services. Lytus also plans to offer its subscribers e-wallet and credit card services using AI-based technology for personalized financial insights. Users will be able to set spending goals based on their priorities, earn rewards, and leverage the features to develop good fi-nan-cial habits and achieve their long-term goals."
Lytus Technologies' entry into the Indian fintech market with its innovative payments gateway marks an exciting milestone in the company's growth journey. With its strategic expansion plans, including the intention to offer an array of AI-driven fin-an-cial services and personalized solutions, Lytus aims to cater to the evolving needs of Indian consumers and businesses alike. As India's fintech landscape continues to thrive, Lytus Technologies' commitment to bridging the digital divide between urban and rural areas and providing cutting-edge fintech solutions is set to contribute significantly to the country's vibrant fin-an-cial ecosystem.
Read the full article here.
No. 3 LYT Potential Catalyst - Could These Oversold Leaning Technicals Suggest A Healthy Reversal Is Nearing?
Directly at close Wednesday, Barchart was reporting this profile to have several oversold leaning technicals.
These technicals could be signaling a healthy reversal could be approaching in the near term.
Here's the definition of a "reversal" from Investopedia:
"A reversal is a change in the price direction of an asset. A reversal can occur to the upside or downside. Following an uptrend, a reversal would be to the downside. Following a downtrend, a reversal would be to the upside. Reversals are based on overall price direction and are not typically based on one or two periods/bars on a chart."
Now, here are the key technicals (at close Wednesday) that could signal LYT to be leaning oversold and on the verge of a potential reversal:
- 9-Day Relative Strength Index: 37.50%
- 14-Day Relative Strength Index: 36.96%
When these numbers drop down to the 30% range and lower (which LYT's 2 RSIs above were at during the major of the day Wednesday), they can be viewed as being in oversold territory. While in this territory, they can paint the picture of a profile that is undervalued.
Keep an eye on these technicals closely.
No. 4 LYT Potential Catalyst - A Corporate Update Provides Clarity On What Could Be A Very Bright Future
Lytus Technologies makes significant progress on Broadband and IPTV Services
Mumbai | New York, July 20, 2023 (GLOBE NEWSWIRE) -- Nasdaq-listed Lytus Technologies Holdings PTV. Ltd. (the “Company”) (NASDAQ:LYT), a leading global technology-driven services company, has recently shared updates on progress on its IPTV and Broadband Services.
Read the full article here.
No. 5 LYT Potential Catalyst - An Explosive Chart History Is Must-See Stuff (Major Short Term Mover Capability)
Take a look at LYT's YTD chart below: