External broker reports(aggregated public sources), Axis Direct

Axis Direct

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>Indian Hotels (IHCL) reported consolidated revenue growth of 16.3% YoY, in line with our expectations.</li><li>This growth was mainly due to the increase in RevPAR to Rs 9,840, up 17.9% YoY in domestic hotels.</li><li>The company’s international assets in the US declined by 4.0% YoY while increasing by 22% YoY in the UK. </li></ul>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.

Indian Hotels (IHCL) reported consolidated revenue growth of 16.3% YoY, in line with our expectations.This growth was mainly due to the increase in RevPAR to Rs 9,840, up 17.9% YoY in domestic hotels.The company’s international assets in the US declined by 4.0% YoY while increasing by 22% YoY in the UK. 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.

Indian Hotels Company Ltd - Improvement in QoQ Realizations

Thematic (Sector/Industry)

<ul><li>Our POW calls delivered an excellent Monthly strike rate of 84% in Oct’23.</li><li>Calls that successfully achieved their target were Nestle India (~10%), Aptus Value Housing Finance (10%), and Equitas Small Finance Bank (10%).</li><li>ICICI Bank LtdAxis Alpha reported an astounding monthly strike rate of 80% in Oct’23.</li></ul>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.

Our POW calls delivered an excellent Monthly strike rate of 84% in Oct’23.Calls that successfully achieved their target were Nestle India (~10%), Aptus Value Housing Finance (10%), and Equitas Small Finance Bank (10%).ICICI Bank LtdAxis Alpha reported an astounding monthly strike rate of 80% in Oct’23.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.

Axis Research Scorecard Report for Oct 2023

External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund 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.

<ul><li>We attended Indian Hotels Company Limited’s (IHCL) Capital Market Day held on 11 May 2023</li><li>The crux of the presentation given by the management was on the revised AHVAAN target, IHCL’s growth in asset-light business, Indian consumption affecting hotel demand and upcoming events driving the demand</li><li>IHCL now stands with 188 hotels in operation and 75 hotels in the pipeline</li></ul>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.

We attended Indian Hotels Company Limited’s (IHCL) Capital Market Day held on 11 May 2023The crux of the presentation given by the management was on the revised AHVAAN target, IHCL’s growth in asset-light business, Indian consumption affecting hotel demand and upcoming events driving the demandIHCL now stands with 188 hotels in operation and 75 hotels in the pipelineContent 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.

<ul><li>Kotak Mahindra Bank: Kotak Mahindra Bank (KMB) delivered a strong beat, led by healthy loan growth (+18% YoY), reflation in NIMs (+28bps QoQ), and lower-than-expected credit costs (20bps annualised)</li><li>Loan growth ex of wholesale was broad-based across segments, with continued traction in unsecured retail (10% of loans) in line with KMB’s efforts to improve its share of high-yield products</li><li>Deposit mobilisation picked up, primarily from term deposits, while CASA saw a 50bps QoQ decline to 52.8%</li></ul>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.

Kotak Mahindra Bank: Kotak Mahindra Bank (KMB) delivered a strong beat, led by healthy loan growth (+18% YoY), reflation in NIMs (+28bps QoQ), and lower-than-expected credit costs (20bps annualised)Loan growth ex of wholesale was broad-based across segments, with continued traction in unsecured retail (10% of loans) in line with KMB’s efforts to improve its share of high-yield productsDeposit mobilisation picked up, primarily from term deposits, while CASA saw a 50bps QoQ decline to 52.8%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.

HSIE Results Daily: Kotak Mahindra Bank, Indian Hotels, Supreme Industries

India

Indian Hotels Company Limited operates The Taj Group of hotels.  The Company owns or maintains long term leases/licenses for hotels in India, in addition to International hotels.  The Group's hotels are divided into three groups: Luxury, Business, and, Leisure.

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Indian Hotels (IH IN)

Indian Hotels Company Ltd - Improvement in QoQ Realizations

Indian Hotels (IHCL) reported consolidated revenue growth of 16.3% YoY, in line with our expectations. This growth was mainly due to the increase...

Axis Direct

Axis Research Scorecard Report for Oct 2023

Our POW calls delivered an excellent Monthly strike rate of 84% in Oct’23. Calls that successfully achieved their target were Nestle India (~10%),...

Axis Direct

Indian Hotels: IHCL Capital Market Day

We attended Indian Hotels Company Limited’s (IHCL) Capital Market Day held on 11 May 2023. The crux of the presentation given by the management was...

HDFC Securities

Indian Hotels - IHCL Capital Market Day

We attended Indian Hotels Company Limited’s (IHCL) Capital Market Day held on 11 May 2023The crux of the presentation given by the management was...

HDFC Securities

HSIE Results Daily: Kotak Mahindra Bank, Indian Hotels, Supreme Industries

Kotak Mahindra Bank (KMB) delivered a strong beat, led by healthy loan growth (+18% YoY), reflation in NIMs (+28bps QoQ), and lower-than-expected...

HDFC Securities

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