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>Tata Steel reported a weak set of numbers for Q2FY23. Its consolidated revenue stood in line with our estimates but EBITDA/PAT missed ours and the street's expectations by 16%/13% respectively.</li><li>Consolidated revenue declined by 1%/6% YoY/QoQ.</li><li>A higher sequential drop in revenue was due to a sharp fall in realisations led by a drop in steel prices across geographies.</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>

Tata Steel reported a weak set of numbers for Q2FY23. Its consolidated revenue stood in line with our estimates but EBITDA/PAT missed ours and the street's expectations by 16%/13% respectively.Consolidated revenue declined by 1%/6% YoY/QoQ.A higher sequential drop in revenue was due to a sharp fall in realisations led by a drop in steel prices across geographies.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.

Tata Steel - Weak Q2, No Sharp Recovery Visible in the Near-Term

Tata Steel Ltd

Tata Steel - Weak Q2, No Sharp Recovery Visible in the Near-Term