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 company delivered robust operating performance during the quarter clocking a healthy EBITDA margin of 28.5% and we expect the margin to be maintained at a healthy rate with a new stream of revenues opening up in the areas of sustainability and better consultancy revenues in other than the Indian Railways.</li><li>The order book remains healthy at Rs 5,505 Cr.</li><li>The company also received an order worth Rs 1,200 Cr in Q3FY23. The increasing Railway and Road Capex in the Union Budget 2023-24 is throwing massive opportunities in various areas of consultancy for the company.</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 company delivered robust operating performance during the quarter clocking a healthy EBITDA margin of 28.5% and we expect the margin to be maintained at a healthy rate with a new stream of revenues opening up in the areas of sustainability and better consultancy revenues in other than the Indian Railways.The order book remains healthy at Rs 5,505 Cr.The company also received an order worth Rs 1,200 Cr in Q3FY23. The increasing Railway and Road Capex in the Union Budget 2023-24 is throwing massive opportunities in various areas of consultancy for the company.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.

RITES Ltd - Robust Operating Performance; Retain BUY