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>Affle Ltd. (Affle) reported a strong recovery after a seasonally weak quarter. The company's Q2FY21 revenue stood at Rs 274 Cr, up 80.2% QoQ and 103.6% YoY</li><li>The management has guided for CAGR 25%-30% growth over the next five years in light of robust demand and rising mobile consumption</li><li>We recommend a BUY on the stock and assign 75x P/E multiple to its FY23E earnings of Rs 17.9/share which gives a TP of Rs 1,350/share</li></ul><div class="content-highlight"><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></div>

Affle Ltd. (Affle) reported a strong recovery after a seasonally weak quarter. The company's Q2FY21 revenue stood at Rs 274 Cr, up 80.2% QoQ and 103.6% YoYThe management has guided for CAGR 25%-30% growth over the next five years in light of robust demand and rising mobile consumptionWe recommend a BUY on the stock and assign 75x P/E multiple to its FY23E earnings of Rs 17.9/share which gives a TP of Rs 1,350/shareContent 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.

Affle India: Robust Recovery; Margin Profile to Improve

Affle (India) Limited

Affle India: Robust Recovery; Margin Profile to Improve