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>The stock is currently trading at 8x and 6x FY22E and FY23E EV/EBITDA and EV/tonne of $75 and $72 respectively.</li><li>We maintain our BUY recommendation on the stock and value the company at 9x FY23E EV/EBITDA to arrive at a target price of Rs 1,760/share.</li><li>Birla Corporation Ltd’s (Birla) operating performance was impacted by the extended and heavy monsoon as well as the shortage of sand in UP and Bihar (important markets for the company).</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>

The stock is currently trading at 8x and 6x FY22E and FY23E EV/EBITDA and EV/tonne of $75 and $72 respectively.We maintain our BUY recommendation on the stock and value the company at 9x FY23E EV/EBITDA to arrive at a target price of Rs 1,760/share.Birla Corporation Ltd’s (Birla) operating performance was impacted by the extended and heavy monsoon as well as the shortage of sand in UP and Bihar (important markets for the company).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.

Birla Corporation: Seasonality & Cost Headwinds Impacts Performance; New Capacity To Drive Growth

Birla Corp Ltd

Birla Corporation: Seasonality & Cost Headwinds Impacts Performance; New Capacity To Drive Growth