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>NOCIL Ltd Q2 FY23 performance missed our and street expectations on all fronts.</li><li>Revenues stood at 389Cr (Our estimate. Rs 533 Cr) down 24% QoQ, the de-growth came on account of 22% drop in volume as export market struggled, the domestic market shoed moderate growth over last quarter.</li><li>Company reported EBITDA of Rs 62 Cr (Our estimate 116 Cr) while the EBITDA Margins were reported at 16% against our estimate of 21.8%.</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.

NOCIL Ltd Q2 FY23 performance missed our and street expectations on all fronts.Revenues stood at 389Cr (Our estimate. Rs 533 Cr) down 24% QoQ, the de-growth came on account of 22% drop in volume as export market struggled, the domestic market shoed moderate growth over last quarter.Company reported EBITDA of Rs 62 Cr (Our estimate 116 Cr) while the EBITDA Margins were reported at 16% against our estimate of 21.8%.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.

NOCIL Ltd - Exports Disappoint, Domestic Business Continues to Grow. Maintain Buy

Thematic (Sector/Industry)

<ul><li>Axis Diwali Muhurat Picks: SAMVAT 2079: We are glad to share our report – Axis Diwali Muhurat Picks: SAMVAT 2079 with you.</li><li>The report contains carefully selected and deeply researched stocks that are well-positioned to benefit from the robust festive demand and India’s favourable macroeconomic developments.</li><li>During the month, we published the Consolidated Preview for Q2FY23. You may refer to the full report here.</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.

Axis Diwali Muhurat Picks: SAMVAT 2079: We are glad to share our report – Axis Diwali Muhurat Picks: SAMVAT 2079 with you.The report contains carefully selected and deeply researched stocks that are well-positioned to benefit from the robust festive demand and India’s favourable macroeconomic developments.During the month, we published the Consolidated Preview for Q2FY23. You may refer to the full report here.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.

<ul><li>Samvat 2078 was a year of peaks and troughs with a roller-coaster ride in the equity market across the world.</li><li>Since the last Diwali, the market has witnessed significant volatility led by liquidity reversal, policy tightening, the Russia-Ukraine geopolitical crisis, and rising inflation.</li><li>While these developments inflicted notable changes in the market regimes, especially with higher commodity prices of base metals and crude oil over the first half of the Samvat, a trend reversal was seen in the second half of the Samvat with the majority of commodity prices cooling off primarily due to the policy tightening and the expectation of a slowdown in global growth.</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.

Samvat 2078 was a year of peaks and troughs with a roller-coaster ride in the equity market across the world.Since the last Diwali, the market has witnessed significant volatility led by liquidity reversal, policy tightening, the Russia-Ukraine geopolitical crisis, and rising inflation.While these developments inflicted notable changes in the market regimes, especially with higher commodity prices of base metals and crude oil over the first half of the Samvat, a trend reversal was seen in the second half of the Samvat with the majority of commodity prices cooling off primarily due to the policy tightening and the expectation of a slowdown in global growth.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.

<ul><li>NOCIL Ltd. Is engaged in manufacturing of rubber chemicals which are used by the tyre industry and other rubber processing industries.</li><li>Company is the Largest Rubber Chemicals Manufacturer in India with the State of the Art Technology for the manufacture of rubber chemicals.</li><li>NOCILs brands PILFLEX® Antidegradants, PILNOX® Antioxidants, PILCURE® Accelerators, Post Vulcanization Stabilizer and PILGARD® Pre Vulcanization Inhibitor are well recognized in both domestic as well as international markets.</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.

NOCIL Ltd. Is engaged in manufacturing of rubber chemicals which are used by the tyre industry and other rubber processing industries.Company is the Largest Rubber Chemicals Manufacturer in India with the State of the Art Technology for the manufacture of rubber chemicals.NOCILs brands PILFLEX® Antidegradants, PILNOX® Antioxidants, PILCURE® Accelerators, Post Vulcanization Stabilizer and PILGARD® Pre Vulcanization Inhibitor are well recognized in both domestic as well as international markets.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.

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>Emami: Emami posted a miss on organic domestic revenue (ex-Dermicool), while international saw a beat at 45% growth</li><li>Dermicool contributed 8% of the domestic business</li><li>Domestic organic revenue was up 4% (HSIE 5%) with flat volume (HSIE 1% growth)</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.

Emami: Emami posted a miss on organic domestic revenue (ex-Dermicool), while international saw a beat at 45% growthDermicool contributed 8% of the domestic businessDomestic organic revenue was up 4% (HSIE 5%) with flat volume (HSIE 1% growth)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.

India

NOCIL Ltd. manufactures a wide variety of petrochemicals, agrochemicals, rubber chemicals and their intermediates. The Company's products include azodrin, phosphamidon, high density polyethylene, special grade polypropylene and polymer alloys and blends.  NOCIL also manufactures ethyl vinyl acetate, processed polyethylene, oxygen and nitrogen.

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Nocil Ltd (NOCIL IN)

NOCIL Ltd - Exports Disappoint, Domestic Business Continues to Grow. Maintain Buy

NOCIL Ltd Q2 FY23 performance missed our and street expectations on all fronts. Revenues stood at 389Cr (Our estimate. Rs 533 Cr) down 24% QoQ

Axis Direct

Axis Research Scorecard Report - Oct 22

The report contains carefully selected and deeply researched stocks that are well-positioned to benefit from the robust festive demand and India’s...

Axis Direct

Axis Diwali Muhurat Picks: SAMVAT 2079

Since the last Diwali, the market has witnessed significant volatility led by liquidity reversal, policy tightening, the Russia-Ukraine...

Axis Direct

Pick of the Week - NOCIL Ltd

NOCIL Ltd. Is engaged in manufacturing of rubber chemicals which are used by the tyre industry and other rubber processing industries.

Axis Direct

HSIE Results Daily: Emami, NOCIL

Emami: Emami posted a miss on organic domestic revenue (ex-Dermicool), while international saw a beat at 45% growth. Dermicool contributed 8% of...

HDFC Securities

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