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

HG Infra Engineering Ltd / Equity Bottom-Up

<ul><li>HG Infra Engineering Ltd(HGIEL)reported a mixed set of Q2FY23 numbers, which were below our estimates as the extended monsoon and delay in receiving the appointed date impacted the company’s revenue growth.</li><li>It reported revenue of Rs752Cr, flat on YoY (below expectation).</li><li>The company posted EBIDTA of Rs121Cr, down1% YoY (below expectation), and APAT of Rs65Cr, down7% YoY (below our expectations).</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>

HG Infra Engineering Ltd(HGIEL)reported a mixed set of Q2FY23 numbers, which were below our estimates as the extended monsoon and delay in receiving the appointed date impacted the company’s revenue growth.It reported revenue of Rs752Cr, flat on YoY (below expectation).The company posted EBIDTA of Rs121Cr, down1% YoY (below expectation), and APAT of Rs65Cr, down7% YoY (below our expectations).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.

H G Infra Engineering Ltd - Prolonged Monsoon Impacts Execution; Order Book Remains Robust