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)

Equity Bottom-Up

<p>NOCIL Ltd. (NOCIL) delivered robust growth in FY21 on account of recovery in the global economic activities, new customer acquisition resulting in 14% YoY growth in sales volume, and gradual ramp-up in the capacity utilization. However, the company’s operating performance in H1FY21 was subdued as nationwide lockdowns led to lower absorption of fixed costs. This improved gradually in H2FY21 with the easing of restrictions. NOCIL continues to consistently focus on capacity expansion toachieve future growth.</p><p>We maintain our BUY recommendation with a TP of Rs 315 valuing it at 20x FY24E EPS.</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>

NOCIL Ltd. (NOCIL) delivered robust growth in FY21 on account of recovery in the global economic activities, new customer acquisition resulting in 14% YoY growth in sales volume, and gradual ramp-up in the capacity utilization. However, the company’s operating performance in H1FY21 was subdued as nationwide lockdowns led to lower absorption of fixed costs. This improved gradually in H2FY21 with the easing of restrictions. NOCIL continues to consistently focus on capacity expansion toachieve future growth.We maintain our BUY recommendation with a TP of Rs 315 valuing it at 20x FY24E EPS.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.

Nocil Ltd

NOCIL: Accelerating Growth Momentum