External broker reports(aggregated public sources), Axis Direct

Axis Direct

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.

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>ACC reported weaker set of numbers led by declining Cement prices in its operating regions.</li><li>The company reported Revenue/EBITDA/APAT de-growth of 1%/12%/22 YoY (below expectations), however it reported Volume growth of 9% owing to higher sale under MSA.</li><li>The company recorded an EBITDA Margin of 13.2% against 14.8% YoY (below estimates), primarily owing to lower realization. </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>

ACC reported weaker set of numbers led by declining Cement prices in its operating regions.The company reported Revenue/EBITDA/APAT de-growth of 1%/12%/22 YoY (below expectations), however it reported Volume growth of 9% owing to higher sale under MSA.The company recorded an EBITDA Margin of 13.2% against 14.8% YoY (below estimates), primarily owing to lower realization. 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.

ACC Limited - Weak Quarter; Downgrade To HOLD.

ACC Ltd

ACC Limited - Weak Quarter; Downgrade To HOLD.