External broker reports(aggregated public sources), ICICI Securities Ltd

ICICI Securities Limited

External broker reports(aggregated public sources)

ICICI Securities Ltd

ICICI Securities Limited provides investment services. The Company provides corporate and investment banking, securities, wealth management, retail brokerage, initial public offerings, and advisory services. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>Nesco Ltd (Nesco) is in the business of development and management of commercial / IT-ITES Real Estate, Exhibition centre and foods business.</li><li>It manages two commercial with leasable area of 1.75 msf (mn sq ft) and BEC spread over 0.6 msf.</li><li>As part of its future plans, the company has outlined a capex plan of ~Rs 2400 crore to (i) build ~2.6 msf sq leasable area commercial Tower along with a 350 keys 4-star Hotel and ii) refurbish and expand the BEC.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Nesco Ltd (Nesco) is in the business of development and management of commercial / IT-ITES Real Estate, Exhibition centre and foods business.It manages two commercial with leasable area of 1.75 msf (mn sq ft) and BEC spread over 0.6 msf.As part of its future plans, the company has outlined a capex plan of ~Rs 2400 crore to (i) build ~2.6 msf sq leasable area commercial Tower along with a 350 keys 4-star Hotel and ii) refurbish and expand the BEC.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Nesco Ltd (Nesco) - Exhibition Business Finally Gets Going! …

Nesco Ltd (Nesco) - Exhibition Business Finally Gets Going!

External broker reports(aggregated public sources), Nirmal Bang

Nirmal Bang

A Relationship Beyond Broking

Nirmal Bang, one of the leading stock broking companies in India, caters to retail and institutional clients by offering them a range of financial products and services, including equities, derivatives, commodities, currency derivatives, mutual funds, IPOs, insurance, depository services and PMS.

Nirmal Bang is drawn from a diversity of professional backgrounds, and blend of experience, skill and dedication is shared with its clients. Nirmal Bang emphasizes adequate, thorough research local and world-wide developments, balancing these with the astute discovery of intrinsic values, synergies and growth. The aim is simply to help the investors to maximize their returns.

Thematic (Sector/Industry)

<div><div><div><div><ul><li>Brigade Enterprise: We expect revenue to increase by 122% YoY in 1QFY23, but decline by 10% QoQ to Rs8,493mn.</li><li>The sharp increase in revenue YoY is mainly due to a lower base in 1QFY22, which was affected by the second covid wave.</li><li>EBITDA margin for 1QFY23 is expected at 26.2% vs 21.8%/29.1% in 4QFY22/1QFY22.</li></ul></div></div></div></div><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Brigade Enterprise: We expect revenue to increase by 122% YoY in 1QFY23, but decline by 10% QoQ to Rs8,493mn.The sharp increase in revenue YoY is mainly due to a lower base in 1QFY22, which was affected by the second covid wave.EBITDA margin for 1QFY23 is expected at 26.2% vs 21.8%/29.1% in 4QFY22/1QFY22.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Real Estate and Ceramics - Residential Demand Remains Strong; Commercial Demand in Recovering Phase

<div><div><div><div><ul><li>Consolidated revenue decreases by 2.5% QoQ but increases by 21.3% YoY to Rs910.7mn in 4QFY22</li></ul><div><div><div><div><ul><li>NESCO reported 4QFY22 revenue of Rs910.7mn, up 21.3% YoY but down by 2.5% QoQ.</li></ul><div><div><div><div><ul><li>IT Park segment’s revenue stood at Rs705mn, up 15% YoY and 3% QoQ.</li></ul></div></div></div></div></div></div></div></div></div></div></div></div><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Consolidated revenue decreases by 2.5% QoQ but increases by 21.3% YoY to Rs910.7mn in 4QFY22NESCO reported 4QFY22 revenue of Rs910.7mn, up 21.3% YoY but down by 2.5% QoQ.IT Park segment’s revenue stood at Rs705mn, up 15% YoY and 3% QoQ.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

NESCO - Gradual Revival in IT Park & F&B Amid Opening up of Economy

<ul><li>The upswing in the residential market continues driven by (1) Low interest rates (2) Higher disposable income and (3) Pricing discipline.</li><li>Demand for commercial realty will continue to recover in short to medium term, led by (1) Large hiring in IT/ITeS and other sectors (2) Return to office trend.</li><li>Leasing activity in the commercial segment has started to see a revival, driven by return to office trend post easing of covid-led r...(continued).</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

The upswing in the residential market continues driven by (1) Low interest rates (2) Higher disposable income and (3) Pricing discipline.Demand for commercial realty will continue to recover in short to medium term, led by (1) Large hiring in IT/ITeS and other sectors (2) Return to office trend.Leasing activity in the commercial segment has started to see a revival, driven by return to office trend post easing of covid-led r...(continued).Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Real Estate and Ceramics: Real Estate on an Upswing

India

Nesco Ltd. is a diversified company involved in manufacturing and engineering products for railways and forging,  realty development, and runs an exhibition center.

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Nesco Ltd (NSE IN)

Nesco Ltd (Nesco) - Exhibition Business Finally Gets Going! …

Nesco Ltd (Nesco) is in the business of development and management of commercial / IT-ITES Real Estate, Exhibition centre and foods business. It...

ICICI Securities Limited

Nesco Ltd (Nesco) - Exhibition Business Finally Gets Going!

Nesco Ltd (Nesco) is in the business of development and management of commercial / IT-ITES Real Estate, Exhibition centre and foods business.

ICICI Securities Limited

Real Estate and Ceramics - Residential Demand Remains Strong; Commercial Demand in Recovering Phase

Demand for residential real estate continued to remain strong in 1QFY23 while a sharp recovery is expected in rental assets (malls/offices) as the...

Nirmal Bang

NESCO - Gradual Revival in IT Park & F&B Amid Opening up of Economy

NESCO reported revenue of Rs910.7mn, up 21.3% YoY but down by 2.5% QoQ. NESCO IT Park’s 4QFY22 revenue stood at Rs705mn, up 15% YoY and 3% QoQ.

Nirmal Bang

Real Estate and Ceramics: Real Estate on an Upswing

The upswing in the residential market continues driven by (1) Low interest rates (2) Higher disposable income and (3) Pricing discipline.

Nirmal Bang

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