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

<ul><li>KEC International (KEC Int) reported a mixed set of numbers in Q3FY22</li><li>The company reported revenues of Rs 3,340 Cr (up 2% YoY), EBIDTA of Rs 239 Cr ( down 20% YoY), and PAT of Rs 94 Cr (down 35% YoY)</li><li>We roll over our estimate to FY24E and value KEC International at 14x FY24E EPS to arrive at a target price of Rs 555/share, implying an upside of 10% from the CMP and maintain a BUY rating on the stock.</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>

KEC International (KEC Int) reported a mixed set of numbers in Q3FY22The company reported revenues of Rs 3,340 Cr (up 2% YoY), EBIDTA of Rs 239 Cr ( down 20% YoY), and PAT of Rs 94 Cr (down 35% YoY)We roll over our estimate to FY24E and value KEC International at 14x FY24E EPS to arrive at a target price of Rs 555/share, implying an upside of 10% from the CMP and maintain a BUY rating on the stock.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.

KEC Intl: Margin Pressure to Subside Gradually; Order Book Robust!