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)

Equity Bottom-Up

Heidelberg Cement India / Equity Bottom-Up

<p>We arrive at a TP of Rs 265/share, valuing the company at 8x FY23 EV/EBITDA, which implies an upside of 3% from the CMP. Hence, we maintain a HOLD rating on the stock.</p><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>

We arrive at a TP of Rs 265/share, valuing the company at 8x FY23 EV/EBITDA, which implies an upside of 3% from the CMP. Hence, we maintain a HOLD rating on the stock.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.

Heidelberg Cement India

Axis Annual Analysis:Heidelberg Cem.