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.

Equity Bottom-Up

<ul><li>UTCL reported a mixed set of numbers during the quarter as its Volume/Revenue grew by 16% and 15% respectively, (better than expectations) driven by better demand YoY.</li><li>EBITDA was below our and consensus estimates by 5% each on account of higher RM and other expenses costs.</li><li>There was a one-off expenditure of Rs 70 Cr owing to higher bonuses and seasonal plant and maintenance expenditure. </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>

UTCL reported a mixed set of numbers during the quarter as its Volume/Revenue grew by 16% and 15% respectively, (better than expectations) driven by better demand YoY.EBITDA was below our and consensus estimates by 5% each on account of higher RM and other expenses costs.There was a one-off expenditure of Rs 70 Cr owing to higher bonuses and seasonal plant and maintenance expenditure. 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.

UltraTech Cement Limited - Robust Volume Growth, Pricing Improves

Ultratech Cement

UltraTech Cement Limited - Robust Volume Growth, Pricing Improves