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

Steel Authority of India / Equity Bottom-Up

<ul><li>SAIL’s Revenue and EBITDA stood largely in line with our estimates.</li><li>Revenue stood at Rs 24,359 Cr, (up 1% YoY, down 16% QoQ) a slight beat of 1% against our estimate due to slightly higher sales realisation, ~2% ahead of our assumption.</li><li>SAIL has reported its saleable steel sales volumes earlier at ~3.9MT (up 23% YoY, down 17% QoQ). </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>

SAIL’s Revenue and EBITDA stood largely in line with our estimates.Revenue stood at Rs 24,359 Cr, (up 1% YoY, down 16% QoQ) a slight beat of 1% against our estimate due to slightly higher sales realisation, ~2% ahead of our assumption.SAIL has reported its saleable steel sales volumes earlier at ~3.9MT (up 23% YoY, down 17% QoQ). 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.

Sail - Next Phase of Capex Raises Concerns