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>Mold-Tek Packaging’s (MTEP) reported a decent set of numbers but were a miss on top-line and bottom-line front.</li><li>The company reported Net Sales of Rs 160 Cr, up 20%/1% YoY/QoQ (our estimate: Rs 177 Cr) largely price-led growth</li><li>We revise our FY22 estimates downward, while increasing the FY23/24 estimates on the back of strong earnings visibility. Retain BUY with a TP of Rs 920/share valuing it at 23x PE its FY24E.</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>

Mold-Tek Packaging’s (MTEP) reported a decent set of numbers but were a miss on top-line and bottom-line front.The company reported Net Sales of Rs 160 Cr, up 20%/1% YoY/QoQ (our estimate: Rs 177 Cr) largely price-led growthWe revise our FY22 estimates downward, while increasing the FY23/24 estimates on the back of strong earnings visibility. Retain BUY with a TP of Rs 920/share valuing it at 23x PE its FY24E.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.

Mold-Tek Packaging: Strong Growth Outlook; Attractive Valuations

Mold Tek Packaging

Mold-Tek Packaging: Strong Growth Outlook; Attractive Valuations