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>OCL reported flattish Revenue growth YoY (below expectation) in Q1FY23 while reporting Volume/EBITDA/APAT degrowth of 3%/74%/117% YoY (below expectation).</li><li>This was primarily on account of escalated input costs during the quarter.</li><li>The company reported a volume of 1.24 Mn tonnes per annum (mtpa), down 3% YoY as heavy monsoon and lower demand impacted the cement sale in its operating regions.</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>

OCL reported flattish Revenue growth YoY (below expectation) in Q1FY23 while reporting Volume/EBITDA/APAT degrowth of 3%/74%/117% YoY (below expectation).This was primarily on account of escalated input costs during the quarter.The company reported a volume of 1.24 Mn tonnes per annum (mtpa), down 3% YoY as heavy monsoon and lower demand impacted the cement sale in its operating regions.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 Ltd - Capacity Expansion Delayed; Downgrade to HOLD