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.

Thematic (Sector/Industry)

India Road and rail / Thematic (Sector/Industry)

<ul><li>We expect the road construction companies under our coverage to deliver Revenue/EBITDA/APAT de-growth of 7%/8%/6% YoY during the quarter</li><li>With a robust order book, healthy bidding pipeline and diversified order book, we remain positive on the prospects of the overall sector</li><li>Our preferred picks in the sector are KNR Construction, HG Infra and PNC Infratech</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>

We expect the road construction companies under our coverage to deliver Revenue/EBITDA/APAT de-growth of 7%/8%/6% YoY during the quarterWith a robust order book, healthy bidding pipeline and diversified order book, we remain positive on the prospects of the overall sectorOur preferred picks in the sector are KNR Construction, HG Infra and PNC InfratechContent 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.

Road Infra: Robust Order Book, Increase in Awarding to Drive Growth