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>In Q4FY23, HCL Tech Ltd (HCLT) reported revenue of Rs 26,606 Cr, down 0.4% QoQ and below our expectations.</li><li>The company’s operating profit stood at Rs 4,836 Cr, reporting a de-growth of 7.5% on a QoQ basis.</li><li>Missing our expectations, the company’s operating margins, too, declined by 110bps to 14.6%, which was largely led by higher operating expenses and higher onsite expenses during the quarter.</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>

In Q4FY23, HCL Tech Ltd (HCLT) reported revenue of Rs 26,606 Cr, down 0.4% QoQ and below our expectations.The company’s operating profit stood at Rs 4,836 Cr, reporting a de-growth of 7.5% on a QoQ basis.Missing our expectations, the company’s operating margins, too, declined by 110bps to 14.6%, which was largely led by higher operating expenses and higher onsite expenses during the quarter.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.

HCL Technologies

HCL Technologies -