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>Spreads likely to remain muted in Q3FY25: Imported Coking coal prices may decline by ~Rs 1,600-1,700/t QoQ in Q3FY25.</li><li>However, the average blended NSR in Q3FY25 is likely to come down QoQ by Rs 1,750/t as it averaged Rs 48,750/t so far in Oct-Nov’24 which is lower than the blended average of Rs 50,500/t realized in Q2FY25.</li><li>This is likely to keep the spreads muted QoQ in Q3FY25.</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>

Spreads likely to remain muted in Q3FY25: Imported Coking coal prices may decline by ~Rs 1,600-1,700/t QoQ in Q3FY25.However, the average blended NSR in Q3FY25 is likely to come down QoQ by Rs 1,750/t as it averaged Rs 48,750/t so far in Oct-Nov’24 which is lower than the blended average of Rs 50,500/t realized in Q2FY25.This is likely to keep the spreads muted QoQ in Q3FY25.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.

Steel Authority of India Ltd - Weak Q2, Rising Leverage Raises Concern