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>Welspun India Ltd (WIL) reported weak numbers as the company continues to face severe headwinds on demand front as well infaltionary environment in key markets.</li><li>The numbers were largelt in line with our estimates.</li><li>WILs posted Revenue of Rs 2,113Cr &amp;EBITDA of Rs 129 Cr, down 69% YoY (our estimate:139 Cr), due to lower EBITDA margin of 6.1%(our estimate: 7.3%),down 1,040bps y-o-y.</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>

Welspun India Ltd (WIL) reported weak numbers as the company continues to face severe headwinds on demand front as well infaltionary environment in key markets.The numbers were largelt in line with our estimates.WILs posted Revenue of Rs 2,113Cr &amp;EBITDA of Rs 129 Cr, down 69% YoY (our estimate:139 Cr), due to lower EBITDA margin of 6.1%(our estimate: 7.3%),down 1,040bps y-o-y.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.

Welspun India Ltd - Exports Struggle, Green Shoots in Domestic Business; Maintain SELL