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.

Thematic (Sector/Industry)

<ul><li>Despite the delay in automation spending( specially from North America), deal wins remained strong during the quarter.</li><li>Many Indian IT service companies sees the demand for new edge technology like generative AI, IoT Machine learning etc despite the lack of near-term visibility.</li><li>The attrition rate has dropped as we see some easing on the supply side constraints. </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.

Despite the delay in automation spending( specially from North America), deal wins remained strong during the quarter.Many Indian IT service companies sees the demand for new edge technology like generative AI, IoT Machine learning etc despite the lack of near-term visibility.The attrition rate has dropped as we see some easing on the supply side constraints. 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.

IT Services: Q3FY24 Review – Hits & Misses

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>Colgate Palmolive: Colgate’s Q3 print positively surprised with revenue growing by 8% (HSIE 6%) while EBITDA was up by 30% (HSIE 19%)</li><li>Volume grew in the low single digits with price hikes continuing to support revenue growth</li><li>Domestic revenues grew by 9% supported by the strong performance of the core portfolio</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.

Colgate Palmolive: Colgate’s Q3 print positively surprised with revenue growing by 8% (HSIE 6%) while EBITDA was up by 30% (HSIE 19%)Volume grew in the low single digits with price hikes continuing to support revenue growthDomestic revenues grew by 9% supported by the strong performance of the core portfolioContent 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: Colgate Palmolive, Persistent Systems, RBL Bank

<ul><li>Colgate Palmolive: Colgate’s Q3 print positively surprised with revenue growing by 8% (HSIE 6%) while EBITDA was up by 30% (HSIE 19%)</li><li>Volume grew in the low single digits with price hikes continuing to support revenue growth</li><li>Domestic revenues grew by 9% supported by the strong performance of the core portfolio</li><li>GM expanded by 630bps YoY to 72% (up 340bps QoQ) and was a big contributor to 30% growth in EBITDA</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.

Colgate Palmolive: Colgate’s Q3 print positively surprised with revenue growing by 8% (HSIE 6%) while EBITDA was up by 30% (HSIE 19%)Volume grew in the low single digits with price hikes continuing to support revenue growthDomestic revenues grew by 9% supported by the strong performance of the core portfolioGM expanded by 630bps YoY to 72% (up 340bps QoQ) and was a big contributor to 30% growth in EBITDAContent 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: Colgate Palmolive, Persistent Systems, RBL Bank, Karur Vysya Bank

Equity Bottom-Up

<ul><li>In Q3FY24, Persistent Systems Ltd (Persistent) reported revenue of Rs 2,498 Cr, up 3.6% QoQ and 3.0% QoQ (in CC terms) which stood in line with our expectations.</li><li>The company’s operating profit stood at Rs 442 Cr, reporting growth of 9.1% on a QoQ basis.</li><li>Much in line with our expectations, the company’s operating margins improved by 90bps to 17.7%, largely led by lower operating costs and lower onsite expenses.</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.

In Q3FY24, Persistent Systems Ltd (Persistent) reported revenue of Rs 2,498 Cr, up 3.6% QoQ and 3.0% QoQ (in CC terms) which stood in line with our expectations.The company’s operating profit stood at Rs 442 Cr, reporting growth of 9.1% on a QoQ basis.Much in line with our expectations, the company’s operating margins improved by 90bps to 17.7%, largely led by lower operating costs and lower onsite expenses.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.

Persistent Systems Ltd. - Robust Execution; Resilient Outlook to Support Growth

<ul><li>NEW YEAR PICKS 2024: We are thrilled to announce that we have released the report – NEW YEAR PICKS 2024: New Year, New Horizons, which contains deeply-researched 9 stocks that are best-placed to deliver excellent performance in 2024.</li><li>We strongly urge you to refer to the report here and fortify your investment endeavours further.</li><li>Pick of the Week (PoW): POW calls delivered an astounding monthly strike rate of 88% in Dec’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.

NEW YEAR PICKS 2024: We are thrilled to announce that we have released the report – NEW YEAR PICKS 2024: New Year, New Horizons, which contains deeply-researched 9 stocks that are best-placed to deliver excellent performance in 2024.We strongly urge you to refer to the report here and fortify your investment endeavours further.Pick of the Week (PoW): POW calls delivered an astounding monthly strike rate of 88% in Dec’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 Dec 2023

India

Persistent Systems Limited offers outsourced software product development. The Company offer services that include testing, support, and professional services.

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Persistent Systems (PSYS IN)

IT Services: Q3FY24 Review – Hits & Misses

Many Indian IT service companies sees the demand for new edge technology like generative AI, IoT Machine learning etc despite the lack of near-term...

Axis Direct

HSIE Results Daily: Colgate Palmolive, Persistent Systems, RBL Bank

Colgate Palmolive: Colgate’s Q3 print positively surprised with revenue growing by 8% (HSIE 6%) while EBITDA was up by 30% (HSIE 19%)

HDFC Securities

HSIE Results Daily: Colgate Palmolive, Persistent Systems, RBL Bank, Karur Vysya Bank

Colgate Palmolive: Colgate’s Q3 print positively surprised with revenue growing by 8% (HSIE 6%) while EBITDA was up by 30% (HSIE 19%)

HDFC Securities

Persistent Systems Ltd. - Robust Execution; Resilient Outlook to Support Growth

In Q3FY24, Persistent Systems Ltd (Persistent) reported revenue of Rs 2,498 Cr, up 3.6% QoQ and 3.0% QoQ (in CC terms) which stood in line with our...

Axis Direct

Axis Research Scorecard Report for Dec 2023

NEW YEAR PICKS 2024: New Year, New Horizons, which contains deeply-researched 9 stocks that are best-placed to deliver excellent performance in 2024.

Axis Direct

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