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. 

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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>APL Apollo tubes delivered a good set of results.</li><li>Despite a higher share of general products (46% vs. 44% QoQ), EBITDA/t improved to Rs 4,970/t (up 3%/10% YoY/QoQ) a 2% beat vs. consensus.</li><li>The beat was driven by 1) Higher EBITDA/t of general products (up 14% QoQ) as primary steel demand for structural tubes improves and channel destocking stops as the HRC prices stabilize</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>

APL Apollo tubes delivered a good set of results.Despite a higher share of general products (46% vs. 44% QoQ), EBITDA/t improved to Rs 4,970/t (up 3%/10% YoY/QoQ) a 2% beat vs. consensus.The beat was driven by 1) Higher EBITDA/t of general products (up 14% QoQ) as primary steel demand for structural tubes improves and channel destocking stops as the HRC prices stabilizeContent 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.

APL Apollo Tubes - Structural Growth Story Continues; Maintain BUY

Apl Apollo Tubes

APL Apollo Tubes - Structural Growth Story Continues; Maintain BUY