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>Axis Top Picks basket delivered flattish returns (+0.2%) in a highly volatile Sep’22 which reported a rather mixed performance across sectors and style indices.</li><li>While the NIFTY 50 index declined by over 4% during the month, our Top Picks basket outperformed the index by a superior margin, showcasing its resilience one more time.</li><li>Moreover, since its inception in May'20, Our Top Picks basket has delivered an impressive return of 143%, which stands significantly higher than the 84% return reported by NIFTY 50 over the same period.</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 Top Picks basket delivered flattish returns (+0.2%) in a highly volatile Sep’22 which reported a rather mixed performance across sectors and style indices.While the NIFTY 50 index declined by over 4% during the month, our Top Picks basket outperformed the index by a superior margin, showcasing its resilience one more time.Moreover, since its inception in May'20, Our Top Picks basket has delivered an impressive return of 143%, which stands significantly higher than the 84% return reported by NIFTY 50 over the same period.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 Top Picks - Oct 2022 - Earnings Commentary & Festival Demand to Drive the Market

Chief Executive Officer, Emmer Capital Partners Limited

Manishi Raychaudhuri

Chief Executive Officer

Emmer Capital Partners Limited

Emmer Capital Partners is an Asia Pacific focused financial advisory firm engaging in strategic financial asset allocation advice, bespoke thematic research and advising early-stage companies and connecting them to investors. Emmer Capital provides macro-economic and multi-asset investment strategy inputs to institutions, family offices, private wealth managers, private equity, and corporate boards directly and through independent research platforms. Emmer Capital also advises a wide range of startup companies on fund raising and business strategy. Emmer Capital's active engagement with the print and electronic media reaches a broad spectrum of investors across the globe.

Equity Bottom-Up

<ul>
<li>India's Nifty50 index reached an all-time high yesterday. However, many Indian stocks are near their 52-week lows. Many among them have strong forecast earnings growth, good balance sheets, attractive valuations.</li>
<li>We screen 17 stocks with double digit forecast EPS growth, PEG &lt; 1.4x, net debt to equity less than 50%. They are spread across construction, chemicals, healthcare, industrials and technology.</li>
<li>The largest five are <a href="https://www.smartkarma.com/entities/deepak-nitrite-ltd" target="_blank" data-smartkarma-citation="entities:5845" rel="noopener">Deepak Nitrite (DN IN)</a>, <a href="https://www.smartkarma.com/entities/cohance-lifesciences-limited" target="_blank" data-smartkarma-citation="entities:33463" rel="noopener">Cohance Lifesciences (COHANCE IN)</a>, <a href="https://www.smartkarma.com/entities/basf-india-ltd" target="_blank" data-smartkarma-citation="entities:19253" rel="noopener">BASF India Ltd (BASF IN)</a>, <a href="https://www.smartkarma.com/entities/crompton-greaves-consumer-electricals" target="_blank" data-smartkarma-citation="entities:24046" rel="noopener">Crompton Greaves Consumer Electricals (CROMPTON IN)</a>, <a href="https://www.smartkarma.com/entities/clean-science-and-technology" target="_blank" data-smartkarma-citation="entities:33648" rel="noopener">Clean Science and Technology (CLEAN IN)</a>.</li>
</ul>


India's Nifty50 index reached an all-time high yesterday. However, many Indian stocks are near their 52-week lows. Many among them have strong forecast earnings growth, good balance sheets, attractive valuations.
We screen 17 stocks with double digit forecast EPS growth, PEG &lt; 1.4x, net debt to equity less than 50%. They are spread across construction, chemicals, healthcare, industrials and technology.
The largest five are Deepak Nitrite (DN IN), Cohance Lifesciences (COHANCE IN), BASF India Ltd (BASF IN), Crompton Greaves Consumer Electricals (CROMPTON IN), Clean Science and Technology (CLEAN IN).


Asian Equities: India's Nifty Is at All-Time High, These Quality Stocks Are Not.

<ul><li>Lacklustre Demand in Bio-energy Segment: Praj Industries posted a subdued Q1FY26 performance, weighed down by cautious sentiment in the domestic ethanol market following the achievement of the 20% EBP target and the absence of new blending mandates.</li><li>The prevailing geopolitical environment and uncertainty surrounding US tariff policies further delayed capital expenditure decisions.</li><li>Fixed Costs Building Up: Revenue decline, coupled with increasing fixed costs, resulted in a 685 bps YoY decline in EBITDA margins during the quarter.</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.

Lacklustre Demand in Bio-energy Segment: Praj Industries posted a subdued Q1FY26 performance, weighed down by cautious sentiment in the domestic ethanol market following the achievement of the 20% EBP target and the absence of new blending mandates.The prevailing geopolitical environment and uncertainty surrounding US tariff policies further delayed capital expenditure decisions.Fixed Costs Building Up: Revenue decline, coupled with increasing fixed costs, resulted in a 685 bps YoY decline in EBITDA margins during the quarter.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.

Praj Industries Ltd - Lack of Momentum in Bio-Energy Impacts Business; Downgrade to SELL

<ul><li>Healthy bioenergy order inflow: The company’s order inflow increased during the quarter after declining for four consecutive quarters.</li><li>The Bio-energy segment witnessed healthy order inflow during the quarter, resulting in a 76% QoQ growth in the segment's order book.</li><li>This comes on the back of weaker performance in the bio-energy segment over the last couple of quarters.</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.

Healthy bioenergy order inflow: The company’s order inflow increased during the quarter after declining for four consecutive quarters.The Bio-energy segment witnessed healthy order inflow during the quarter, resulting in a 76% QoQ growth in the segment's order book.This comes on the back of weaker performance in the bio-energy segment over the last couple of quarters.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.

Praj Industries Ltd - Bioenergy Regaining Momentum; Maintain HOLD

<ul><li>Developing new growth avenues: On the 1G ethanol front, 90% of the the order booking came from starchy feedstock segment, as compared to Sugary which declined to 10%.</li><li>Praj recognizes the need to develop new growth avenues and is expanding its offerings to cover different feedstocks and in the services segment.</li><li>The second grain-based ethanol plant, being set for a Brazil-based customer, shall prove Praj’s ability to expand its horizons. </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.

Developing new growth avenues: On the 1G ethanol front, 90% of the the order booking came from starchy feedstock segment, as compared to Sugary which declined to 10%.Praj recognizes the need to develop new growth avenues and is expanding its offerings to cover different feedstocks and in the services segment.The second grain-based ethanol plant, being set for a Brazil-based customer, shall prove Praj’s ability to expand its horizons. 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.

Praj Industries Ltd - Engineering & CBG Gaining Traction; Share of Exports Increasing

India

PRAJ Industries is a global leader in industrial biotechnology and engineering solutions, specializing in bioenergy, water treatment, and critical process equipment. The company provides technologies for ethanol production, wastewater treatment systems, and high-purity engineering solutions for various sectors including food, pharmaceuticals, and petrochemicals. Headquartered in Pune, Maharashtra, India, the company was founded in 1983.

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PRAJ Industries (PRJ IN)

Axis Top Picks - Oct 2022 - Earnings Commentary & Festival Demand to Drive the Market

Axis Top Picks basket delivered flattish returns (+0.2%) in a highly volatile Sep’22 which reported a rather mixed performance across sectors and...

Axis Direct

Asian Equities: India's Nifty Is at All-Time High, These Quality Stocks Are Not.

India's Nifty50 hit its all-time high while many stocks are near 52-week lows. We identify 17 stocks with strong earnings growth, good balance...

Manishi Raychaudhuri

Praj Industries Ltd - Lack of Momentum in Bio-Energy Impacts Business; Downgrade to SELL

The prevailing geopolitical environment and uncertainty surrounding US tariff policies further delayed capital expenditure decisions.

Axis Direct

Praj Industries Ltd - Bioenergy Regaining Momentum; Maintain HOLD

Healthy bioenergy order inflow: The company’s order inflow increased during the quarter after declining for four consecutive quarters.

Axis Direct

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52-week Range

Market Cap (USDm)

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Axis Top Picks - Oct 2022 - Earnings Commentary & Festival Demand to Drive the Market

Axis Top Picks basket delivered flattish returns (+0.2%) in a highly volatile Sep’22 which reported a rather mixed performance across sectors and...

Axis Direct

Asian Equities: India's Nifty Is at All-Time High, These Quality Stocks Are Not.

​India's Nifty50 hit its all-time high while many stocks are near 52-week lows. We identify 17 stocks with strong earnings growth, good balance...

Manishi Raychaudhuri

Praj Industries Ltd - Lack of Momentum in Bio-Energy Impacts Business; Downgrade to SELL

The prevailing geopolitical environment and uncertainty surrounding US tariff policies further delayed capital expenditure decisions.

Axis Direct

Praj Industries Ltd - Bioenergy Regaining Momentum; Maintain HOLD

Healthy bioenergy order inflow: The company’s order inflow increased during the quarter after declining for four consecutive quarters.

Axis Direct

Praj Industries Ltd - Engineering & CBG Gaining Traction; Share of Exports Increasing

Developing new growth avenues: On the 1G ethanol front, 90% of the the order booking came from starchy feedstock segment, as compared to Sugary...

Axis Direct

India's Nifty50 hit its all-time high while many stocks are near 52-week lows. We identify 17 stocks with strong earnings growth, good balance...