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>StarCement (SCL)reported robust Volume/Revenuegrowth of 46%/44% (above expectation)YoY in Q2FY23, driven by higher demand in its operating region.</li><li>The company reported EBITDA margins of 11.7% against the expectation of 15%and was impacted by higher RM cost and other expenses during the quarter.</li><li>It reported realization growth of 1% YoY as its operating region of North-East and East India witnessed higher prices during the quarter.</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>

StarCement (SCL)reported robust Volume/Revenuegrowth of 46%/44% (above expectation)YoY in Q2FY23, driven by higher demand in its operating region.The company reported EBITDA margins of 11.7% against the expectation of 15%and was impacted by higher RM cost and other expenses during the quarter.It reported realization growth of 1% YoY as its operating region of North-East and East India witnessed higher prices during the quarter.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.

Star Cement Limited - Encouraging Volume Growth; Outlook Remains Positive

Star Cement Ltd

Star Cement Limited - Encouraging Volume Growth; Outlook Remains Positive