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>APL Apollo Tubes (APAT) Q3FY22 consolidated results were better than our estimates on the revenue front</li><li>However, it missed on EBITDA and PAT levels. The company’s consolidated revenue grew by 24% YoY and 5% QoQ to Rs 3,230 Cr (Our estimate: Rs 2,827 Cr)</li><li>We retain a BUY rating on the stock with a TP of Rs 1,215/share and continue to value it at 30x PE of FY24E EPS</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>

APL Apollo Tubes (APAT) Q3FY22 consolidated results were better than our estimates on the revenue frontHowever, it missed on EBITDA and PAT levels. The company’s consolidated revenue grew by 24% YoY and 5% QoQ to Rs 3,230 Cr (Our estimate: Rs 2,827 Cr)We retain a BUY rating on the stock with a TP of Rs 1,215/share and continue to value it at 30x PE of FY24E EPSContent 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: Weak Q3 Performance but Long Term Growth Story Intact

Apl Apollo Tubes

APL Apollo Tubes: Weak Q3 Performance but Long Term Growth Story Intact