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>RITES Ltd (RITES) performance reached its pre-Covid levels in FY22, recording consolidated revenue of Rs 2,662 Cr and achieving its highest-ever export revenue, including services. The company also reported its highest-ever PAT of Rs 516 Cr, up 19% YoY.</li><li>The company garnered significant client confidence, enabling it to close the year with a robust order book of Rs 4,939 Cr and revenue visibility for the next 2-3 years.</li><li>Backed by the robust performance of the company, the Board of Directors has recommended a final dividend of Rs 3.5/share in addition to three interim dividends.</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>

RITES Ltd (RITES) performance reached its pre-Covid levels in FY22, recording consolidated revenue of Rs 2,662 Cr and achieving its highest-ever export revenue, including services. The company also reported its highest-ever PAT of Rs 516 Cr, up 19% YoY.The company garnered significant client confidence, enabling it to close the year with a robust order book of Rs 4,939 Cr and revenue visibility for the next 2-3 years.Backed by the robust performance of the company, the Board of Directors has recommended a final dividend of Rs 3.5/share in addition to three interim dividends.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 Order Book, Superior Execution to Drive Growth.