External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

External broker reports(aggregated public sources)

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.

Thematic (Sector/Industry)

<ul><li>MCX: MCX is expected to report strong revenue growth of +22/73% QoQ/YoY, led by growth in options revenue (+38% QoQ) and ~4% growth in futures volume</li><li>The profitability will improve as the cost structure has normalised post the technology transition</li><li>We expect MCX to post an EBITDA/PAT of INR 1.94/1.48bn, up +33/33% QoQ</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.

MCX: MCX is expected to report strong revenue growth of +22/73% QoQ/YoY, led by growth in options revenue (+38% QoQ) and ~4% growth in futures volumeThe profitability will improve as the cost structure has normalised post the technology transitionWe expect MCX to post an EBITDA/PAT of INR 1.94/1.48bn, up +33/33% QoQContent 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.

Exchanges, Staffing and Internet (Q2FY25E Results Preview): On Growth Trajectory

Equity Bottom-Up

<ul><li>Route Mobile is set to witness a growth uptick after the completion of the strategic acquisition by Proximus Opal</li><li>The growth recovery (~20% in FY25E vs 13% in FY24) is underpinned by a recovery in messaging volume (ILD &amp; NLD), a net new firewall deal, WhatsApp/RCS opportunities, and expansion in mature markets</li><li>Proximus Opal acquired an 83.1% stake in Route Mobile, which positions Route+Telesign as the third largest global CPaaS player in terms of volumes</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.

Route Mobile is set to witness a growth uptick after the completion of the strategic acquisition by Proximus OpalThe growth recovery (~20% in FY25E vs 13% in FY24) is underpinned by a recovery in messaging volume (ILD &amp; NLD), a net new firewall deal, WhatsApp/RCS opportunities, and expansion in mature marketsProximus Opal acquired an 83.1% stake in Route Mobile, which positions Route+Telesign as the third largest global CPaaS player in terms of volumesContent 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.

Route Mobile: Growth Revival. Maintain BUY

<ul><li>Oberoi Realty: Oberoi Realty (ORL) registered presales of INR 10.6bn (+124%/-40% YoY/QoQ), it was largely backed by sales from 360 West contributing &gt;40% of presales followed by Elysian and Sky City</li><li>360W saw a good amount of traction in Q1FY25 as six units were sold (vs 3units in the previous quarter totaling INR 4.8bn marking a 118% QoQ growth), we believe that ORL is likely to be able to sell its inventory over the next 24-30 months</li><li>The Pokhran project is set to launch in Q3FY25 during the festive season, with approvals and a ready-show apartment in place</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.

Oberoi Realty: Oberoi Realty (ORL) registered presales of INR 10.6bn (+124%/-40% YoY/QoQ), it was largely backed by sales from 360 West contributing &gt;40% of presales followed by Elysian and Sky City360W saw a good amount of traction in Q1FY25 as six units were sold (vs 3units in the previous quarter totaling INR 4.8bn marking a 118% QoQ growth), we believe that ORL is likely to be able to sell its inventory over the next 24-30 monthsThe Pokhran project is set to launch in Q3FY25 during the festive season, with approvals and a ready-show apartment in placeContent 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: Oberoi Realty, JK Cement, Can Fin Homes, Route Mobile

<ul><li>MCX: MCX is expected to report strong revenue growth of +26/56% QoQ/YoY, led by growth in options revenue (+21% QoQ) and a sharp surge in futures volume (+52% QoQ)</li><li>The profitability will improve as the cost structure has normalised post the transition</li><li>We expect MCX to post an EBITDA/PAT of INR 1.48/1.12bn, up +45/27% QoQ</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.

MCX: MCX is expected to report strong revenue growth of +26/56% QoQ/YoY, led by growth in options revenue (+21% QoQ) and a sharp surge in futures volume (+52% QoQ)The profitability will improve as the cost structure has normalised post the transitionWe expect MCX to post an EBITDA/PAT of INR 1.48/1.12bn, up +45/27% QoQContent 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.

Exchanges, Staffing and Internet (Q1FY25E Results Preview): On Growth Trajectory

<ul><li>Mahindra &amp; Mahindra Financial Services: MMFS reported yet another quarter of earnings de-growth (-10% YoY) due to higher-than-expected provisions (140bps), driven by elevated write-offs (260bps) and a one-off incidence of fraud (54bps)</li><li>Loan growth remained healthy (+24% YoY), driven by the PVs and used vehicles segment</li><li>MMFS continues to under-deliver on its Mission 2025, as the management revisited its guidance on most parameters, especially NIMs, opex efficiency and RoAs</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.

Mahindra &amp; Mahindra Financial Services: MMFS reported yet another quarter of earnings de-growth (-10% YoY) due to higher-than-expected provisions (140bps), driven by elevated write-offs (260bps) and a one-off incidence of fraud (54bps)Loan growth remained healthy (+24% YoY), driven by the PVs and used vehicles segmentMMFS continues to under-deliver on its Mission 2025, as the management revisited its guidance on most parameters, especially NIMs, opex efficiency and RoAsContent 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: Mahindra & Mahindra Financial Services, CDSL

India

Route Mobile Limited provides mobile communication solutions. The Company offers text messaging, voice calling, number lookups, firewall, email, and other related services. Route Mobile serves customers worldwide.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Route Mobile (ROUTE IN)

Exchanges, Staffing and Internet (Q2FY25E Results Preview): On Growth Trajectory

MCX is expected to report strong revenue growth of +22/73% QoQ/YoY, led by growth in options revenue (+38% QoQ) and ~4% growth in futures volume

HDFC Securities

Route Mobile: Growth Revival. Maintain BUY

Proximus Opal acquired an 83.1% stake in Route Mobile, which positions Route+Telesign as the third largest global CPaaS player in terms of volumes

HDFC Securities

HSIE Results Daily: Oberoi Realty, JK Cement, Can Fin Homes, Route Mobile

Given the expected robust cash flows from ready-to-move-in inventory in 360W and new launches expected in FY25 along with new BD, we remain...

HDFC Securities

Exchanges, Staffing and Internet (Q1FY25E Results Preview): On Growth Trajectory

MCX is expected to report strong revenue growth of +26/56% QoQ/YoY, led by growth in options revenue (+21% QoQ) and a sharp surge in futures volume...

HDFC Securities

HSIE Results Daily: Mahindra & Mahindra Financial Services, CDSL

Mahindra & Mahindra Financial Services: MMFS reported yet another quarter of earnings de-growth (-10% YoY) due to higher-than-expected provisions...

HDFC Securities

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)