External broker reports(aggregated public sources), Axis Direct

Axis Direct

External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

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>Recovery expected in the domestic segment, exports may soften: During the quarter, PI witnessed a 6% YoY reduction in the domestic segment.</li><li>However, given the positives on reservoirs and traction in new products, it expects double-digit growth in domestic revenue during H2.</li><li>On the other hand, while the company reported a 12% growth in agchem exports, it anticipates some softness in the agchem export segment due to continued global industry challenges and resulting uncertainties. </li></ul>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.

Recovery expected in the domestic segment, exports may soften: During the quarter, PI witnessed a 6% YoY reduction in the domestic segment.However, given the positives on reservoirs and traction in new products, it expects double-digit growth in domestic revenue during H2.On the other hand, while the company reported a 12% growth in agchem exports, it anticipates some softness in the agchem export segment due to continued global industry challenges and resulting uncertainties. 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.

PI Industries Ltd - Resilient Performance Amidst Global Uncertainties

<ul><li>PI Industries Ltd. (PI) delivered a strong performance in FY24, marked by consistent growth in revenue and margins.</li><li>The company reported an 18% increase in revenue from operations and a 37% YoY growth in PAT, despite facing global challenges.</li><li>Agchem exports rose by 19%, primarily driven by higher volumes and the introduction of new products for export, which helped offset a 5% decline in domestic revenue due to a 6% drop in volumes, attributed to delayed and unpredictable monsoon patterns.</li></ul>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.

PI Industries Ltd. (PI) delivered a strong performance in FY24, marked by consistent growth in revenue and margins.The company reported an 18% increase in revenue from operations and a 37% YoY growth in PAT, despite facing global challenges.Agchem exports rose by 19%, primarily driven by higher volumes and the introduction of new products for export, which helped offset a 5% decline in domestic revenue due to a 6% drop in volumes, attributed to delayed and unpredictable monsoon patterns.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.

PI Industries Ltd. - Another Year of Robust Performance

<ul><li>The company delivered a 14% growth in Agchem exports, driven by higher volumes and a 24% YoY increase in new products.</li><li>In Q1, the company commercialized two new products and plans to aggressively launch 8-10 new CSM products in FY25.</li><li>Management noted that capacity expansion is on track, with continued momentum in new enquiries and conversions.</li></ul>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.

The company delivered a 14% growth in Agchem exports, driven by higher volumes and a 24% YoY increase in new products.In Q1, the company commercialized two new products and plans to aggressively launch 8-10 new CSM products in FY25.Management noted that capacity expansion is on track, with continued momentum in new enquiries and conversions.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.

PI Industries Ltd - New Products and CSM Boost Export Growth and Margins

<ul><li>New Products to drive growth: During the year over 70% of the exports growth came from the new products.</li><li>The management has highlighted that 1/3rd of the new products would be from the Non-Agchem basket with end-user segments such as electronic chemicals, semiconductors, performance chemicals and advance polymers etc.</li><li>Revenue share from new products was ~25% in FY24 and the management expects it to grow to ~30%-35% over the next three years, which will be margin accretive.</li></ul>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.

New Products to drive growth: During the year over 70% of the exports growth came from the new products.The management has highlighted that 1/3rd of the new products would be from the Non-Agchem basket with end-user segments such as electronic chemicals, semiconductors, performance chemicals and advance polymers etc.Revenue share from new products was ~25% in FY24 and the management expects it to grow to ~30%-35% over the next three years, which will be margin accretive.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.

Pan-Asia Index Rebalances/ Events/ Delta One, Periscope Analytics

Brian Freitas

Pan-Asia Index Rebalances/ Events/ Delta One

Periscope Analytics

Periscope Analytics focuses on event-driven trades across Asia Pacific and provides comprehensive, timely and systematic coverage of index changes to major Asia Pacific indices in a structured manner.

The analysis includes forecasted inclusions and exclusions to all major Asian indices that have significant amount of tracking assets, including estimates of passive buy/sell flow on the stocks. The service also provides commentary and impact of market consultations, ground rule changes, and other events (IPOs, spin-offs, M&A) that could lead to index changes and passive flow.

Periscope Analytics works with multi-strategy hedge funds, proprietary trading firms, stat arb trading groups and long-only investors that invest and trade in the Asia Pacific region with the data being used to trade index rebalances, avoid pre-positioning and passive flow, and to time entry into and exit from stocks.

Event-Driven Trades Across Asia Pacific

Event-Driven

<ul>
<li>There are five changes for the <a href="https://www.smartkarma.com/entities/nse-nifty-next-50-index" target="_blank" data-smartkarma-citation="entities:36053:1" rel="noopener">NSE Nifty Next 50 Index (NIFTYJR INDEX)</a> that will be implemented at the close on 27 March. Changes are on expected lines.</li>
<li>Estimated one-way turnover for the <a href="https://www.smartkarma.com/entities/nse-nifty-next-50-index" target="_blank" data-smartkarma-citation="entities:36053:1" rel="noopener">NSE Nifty Next 50 Index (NIFTYJR INDEX)</a> is 10.1% resulting in a one-way trade of INR 22.2bn (US$268m).</li>
<li>Apart from the impact on the adds and deletes, there will be a big impact on some of the non-F&amp;O stocks due to capping and funding flows.</li>
</ul>


There are five changes for the NSE Nifty Next 50 Index (NIFTYJR INDEX) that will be implemented at the close on 27 March. Changes are on expected lines.
Estimated one-way turnover for the NSE Nifty Next 50 Index (NIFTYJR INDEX) is 10.1% resulting in a one-way trade of INR 22.2bn (US$268m).
Apart from the impact on the adds and deletes, there will be a big impact on some of the non-F&amp;O stocks due to capping and funding flows.


NIFTY NEXT50 Index Rebalance: Five Changes on Expected Lines; Big Turnover

India

PI Industries Limited manufactures agricultural and fine chemicals, and polymers. The Company produces fine chemicals; crop protection, plant nutrients, and seeds; and engineering plastics for use in the automobile, electrical, and home appliances industries.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Pi Industries (PI IN)

PI Industries Ltd - Resilient Performance Amidst Global Uncertainties

Recovery expected in the domestic segment, exports may soften: During the quarter, PI witnessed a 6% YoY reduction in the domestic segment.

Axis Direct

PI Industries Ltd. - Another Year of Robust Performance

The company reported an 18% increase in revenue from operations and a 37% YoY growth in PAT, despite facing global challenges.

Axis Direct

PI Industries Ltd - New Products and CSM Boost Export Growth and Margins

The company delivered a 14% growth in Agchem exports, driven by higher volumes and a 24% YoY increase in new products. In Q1, the company...

Axis Direct

PI Industries Ltd - Strong Outlook...

Revenue share from new products was ~25% in FY24 and the management expects it to grow to ~30%-35% over the next three years, which will be margin...

Axis Direct

NIFTY NEXT50 Index Rebalance: Five Changes on Expected Lines; Big Turnover

There are 5 changes for the NIFTY NEXT50 in March. The changes were forecast and there will be positioning. There are capping changes for non-FnO...

Brian Freitas

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)