External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

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.

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.

Equity Bottom-Up

<p>Tanla Platforms: Tanla reported a decent quarter with a slight miss on revenue (INR 8.8bn vs. estimate of INR 9.1bn) but better-than-expected margin performance. The gross margin of enterprise business improved +244bps QoQ to 24.6%, powered by a better mix. While enterprise growth was led by the BFSI, wholesale and government verticals, higher messaging volumes from enterprises were a result of festive season and marketing campaigns. The next phase of growth in the platform business will be powered by Wisely, whose commercial launch is expected in March 2022.</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>

Tanla Platforms: Tanla reported a decent quarter with a slight miss on revenue (INR 8.8bn vs. estimate of INR 9.1bn) but better-than-expected margin performance. The gross margin of enterprise business improved +244bps QoQ to 24.6%, powered by a better mix. While enterprise growth was led by the BFSI, wholesale and government verticals, higher messaging volumes from enterprises were a result of festive season and marketing campaigns. The next phase of growth in the platform business will be powered by Wisely, whose commercial launch is expected in March 2022.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.

HSIE Results Daily: Axis Bank, SBI Cards and Payment Services, Tanla Platforms, The Ramco Cements