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>PI Industries (PIIND)Q4FY23 numbers missed our estimates on all fronts as the Domestic segment slowed in Q4FY23 as the industry witnesses high inventory problems.</li><li>Consolidated Revenue missed our estimate by10.8% (up12%/-3% YoY/QoQ).</li><li>EBITDAwas up 12.4% YoY missing our estimates by 21% as the company witnessed more than 200bps contraction in gross margins</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>

PI Industries (PIIND)Q4FY23 numbers missed our estimates on all fronts as the Domestic segment slowed in Q4FY23 as the industry witnesses high inventory problems.Consolidated Revenue missed our estimate by10.8% (up12%/-3% YoY/QoQ).EBITDAwas up 12.4% YoY missing our estimates by 21% as the company witnessed more than 200bps contraction in gross marginsContent 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.

PI Industries Ltd - Strong Growth Outlook in CSM, Inorganic Opportunities on Radar

Pi Industries

PI Industries Ltd - Strong Growth Outlook in CSM, Inorganic Opportunities on Radar