External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

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External broker reports(aggregated public sources)

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund 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.

Thematic (Sector/Industry)

India Materials / Thematic (Sector/Industry)

Computer Age Management Services (CAMS IN)

<ul><li>Aether Industries: We retain our BUY rating on Aether Industries, with a target price of INR 1,180, on the back of (1) capacity expansion-led growth, (2) advanced R&amp;D capabilities, (3) technocratic management, (4) market leading position in most of its products, (5) strong product pipeline, and (6) marquee customer base</li><li>EBITDA/APAT were 24/33% below our estimates, mainly owing to a 23% fall in revenue and higher-than-expected tax outgo.</li><li>Computer Age Management Services: CAMS clocked in-line core revenues at INR2.5bn (+2.4% QoQ) however, the disappointment stemmed from a sharp rise in other opex (+16% QoQ) due to higher marketing spends and regulatory audits, driving sequentially flat core income/PAT to INR0.91bn/0.74bn</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>

Aether Industries: We retain our BUY rating on Aether Industries, with a target price of INR 1,180, on the back of (1) capacity expansion-led growth, (2) advanced R&amp;D capabilities, (3) technocratic management, (4) market leading position in most of its products, (5) strong product pipeline, and (6) marquee customer baseEBITDA/APAT were 24/33% below our estimates, mainly owing to a 23% fall in revenue and higher-than-expected tax outgo.Computer Age Management Services: CAMS clocked in-line core revenues at INR2.5bn (+2.4% QoQ) however, the disappointment stemmed from a sharp rise in other opex (+16% QoQ) due to higher marketing spends and regulatory audits, driving sequentially flat core income/PAT to INR0.91bn/0.74bnContent 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.

HSIE Results Daily: Aether Industries, Computer Age Management Services