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>Persistent Systems Ltd (Persistent) reported strong and broad-based growth in Q2FY23 and beat our expectations on all key parameters.</li><li>The company's revenue stood at Rs 2,048.6 Cr, up 10.6% QoQ and 64.7% YoY.</li><li>Its operating profits registered a growth of 10.4% QoQ to Rs 298.6 Cr and operating margins marginally expanded by 30bps QoQ to 14.6%.</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>

Persistent Systems Ltd (Persistent) reported strong and broad-based growth in Q2FY23 and beat our expectations on all key parameters.The company's revenue stood at Rs 2,048.6 Cr, up 10.6% QoQ and 64.7% YoY.Its operating profits registered a growth of 10.4% QoQ to Rs 298.6 Cr and operating margins marginally expanded by 30bps QoQ to 14.6%.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.

Persistent Systems Ltd - Robust Business & Strong Execution to Lead Growth