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 posted a weak set of numbers for the quarter as company’s performance missed our expectations on all fronts</li><li>WILs Revenue for the quarter stood at Rs 2,418 Cr (against our estimate of Rs 2585 Cr) as compared to Rs 2488 Cr in Q3 FY21</li><li>We maintain our rating of BUY with a revised target price of Rs 133 (from Rs 173 earlier) valuing the company at 15x (~20% discount to TTM PE of 18x) FY23 EPS</li></ul><div class="content-highlight"><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></div>

Welspun India posted a weak set of numbers for the quarter as company’s performance missed our expectations on all frontsWILs Revenue for the quarter stood at Rs 2,418 Cr (against our estimate of Rs 2585 Cr) as compared to Rs 2488 Cr in Q3 FY21We maintain our rating of BUY with a revised target price of Rs 133 (from Rs 173 earlier) valuing the company at 15x (~20% discount to TTM PE of 18x) FY23 EPSContent 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: Negative Surprise on Gross & Operating Margins