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>The Capacity expansion plan announced earlier by the company has not progressed much and the management has indicated that it would take a firm call on the same after the Q4FY23 result.</li><li>The company does not expect much respite from power/fuel cost till Q2FY24 as current inventory pertains to higher costs and will last till May’23, thereafter fuel cost is expected to reduce.</li><li>Cement demand is expected to be resilient driven by the government’s focus on the development of infrastructure, Housing for All, and robust overall real estate demand.</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>

The Capacity expansion plan announced earlier by the company has not progressed much and the management has indicated that it would take a firm call on the same after the Q4FY23 result.The company does not expect much respite from power/fuel cost till Q2FY24 as current inventory pertains to higher costs and will last till May’23, thereafter fuel cost is expected to reduce.Cement demand is expected to be resilient driven by the government’s focus on the development of infrastructure, Housing for All, and robust overall real estate demand.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.

Orient Cement Limited - Capacity Expansion Delayed; Maintain HOLD!