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>In the current quarter, NOCIL missed our expectations on all fronts, primarily due to lower-than-anticipated domestic volumes.</li><li>Consolidated revenue stood at Rs 341 Cr, missing our estimates by 11%, although it increased by 5% YoY.</li><li>Volumes for Q3FY24 grew by 14% on a YoY basis but declined by 3% QoQ. EBITDA increased by 30% YoY and 8% QoQ, missing our estimate by 10%. </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>

In the current quarter, NOCIL missed our expectations on all fronts, primarily due to lower-than-anticipated domestic volumes.Consolidated revenue stood at Rs 341 Cr, missing our estimates by 11%, although it increased by 5% YoY.Volumes for Q3FY24 grew by 14% on a YoY basis but declined by 3% QoQ. EBITDA increased by 30% YoY and 8% QoQ, missing our estimate by 10%. 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 - Cusp of Volume Recovery, Pricing Pressure Continues

Nocil Ltd

NOCIL Ltd - Cusp of Volume Recovery, Pricing Pressure Continues