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>In Q2FY24, Zensar Technologies Ltd (Zensar) reported revenue of Rs 1,241 Cr, up 1.1% QoQ and 0.6% QoQ (in CC terms), which stood slightly below our expectations.</li><li>The company reported an operating profit of Rs 194 Cr, a healthy growth of 11.3% on a QoQ basis.</li><li>The company’s operating margins remained in line with our expectations, increasing by 40bps, mainly due to lower operating costs and a favourable currency mix in 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.

In Q2FY24, Zensar Technologies Ltd (Zensar) reported revenue of Rs 1,241 Cr, up 1.1% QoQ and 0.6% QoQ (in CC terms), which stood slightly below our expectations.The company reported an operating profit of Rs 194 Cr, a healthy growth of 11.3% on a QoQ basis.The company’s operating margins remained in line with our expectations, increasing by 40bps, mainly due to lower operating costs and a favourable currency mix in 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.

Zensar Technologies Ltd. - Beat on Profit; Near-Term Challenges Persist

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.

Thematic (Sector/Industry)

<ul><li>Colgate Palmolive: Colgate’s domestic revenue grew 5% YoY (four-year CAGR sustaining at 4%), led by high single-digit growth in toothpaste (Dabur clocked c.5%)</li><li>Volumes arrested a declining trend of the previous four quarters and were flat (HSIE 1%) with c.1% four-year CAGR</li><li>GM continued to expand sequentially (100bps) to 66.9%, better than our expectation of 66%</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 domestic revenue grew 5% YoY (four-year CAGR sustaining at 4%), led by high single-digit growth in toothpaste (Dabur clocked c.5%)Volumes arrested a declining trend of the previous four quarters and were flat (HSIE 1%) with c.1% four-year CAGRGM continued to expand sequentially (100bps) to 66.9%, better than our expectation of 66%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: Colgate Palmolive, Deepak Nitrite, Alkyl Amines

<ul><li>It gives us immense joy to share with you our latest published report – Union Budget 2023-24: Post Budget Analysis &amp; Stock Ideas.</li><li>The report contains 10 carefully selected stocks that we believe are well-placed to benefit from the Union Budget 2023-24.</li><li>Weekly Earnings Wrap is a highly actionable report containing key highlights of the result updates published in the preceding week along with all Upgrades, Downgrades, and No Change recommendations. </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.

It gives us immense joy to share with you our latest published report – Union Budget 2023-24: Post Budget Analysis &amp; Stock Ideas.The report contains 10 carefully selected stocks that we believe are well-placed to benefit from the Union Budget 2023-24.Weekly Earnings Wrap is a highly actionable report containing key highlights of the result updates published in the preceding week along with all Upgrades, Downgrades, and No Change recommendations. 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.

Key Highlights of the Month – Fundamental

External broker reports(aggregated public sources), ICICI Securities Ltd

ICICI Securities Limited

ICICI Securities Ltd

ICICI Securities Limited provides investment services. The Company provides corporate and investment banking, securities, wealth management, retail brokerage, initial public offerings, and advisory services. 

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>Zensar Technologies (Zensar) offers application &amp; IMS services to hi-tech, manufacturing, retail and BFSI.</li><li>Zensar has grown organically and inorganically over the years</li><li>Net debt free and healthy double digit return ratio (with RoCE of 19%).</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.

Zensar Technologies (Zensar) offers application &amp; IMS services to hi-tech, manufacturing, retail and BFSI.Zensar has grown organically and inorganically over the yearsNet debt free and healthy double digit return ratio (with RoCE of 19%).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.

Zensar Technologies (Zensar) - Macro Concerns Pushing Revenue Recovery…

<ul><li>The IT Services sector is expected to report resilient growth in Q2FY23 primarily led by the new large deal wins and a ramp-up of deals won in the previous quarter despite likely macroeconomic challenges.</li><li>IT spending in North America and Europe has remained robust due to strong demand for digital and cloud transformations.</li><li>We believe the said demand momentum is likely to remain intact at least for the quarter and don’t foresee any spending being cut in this quarter, at least from the large clients across geographies.</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.

The IT Services sector is expected to report resilient growth in Q2FY23 primarily led by the new large deal wins and a ramp-up of deals won in the previous quarter despite likely macroeconomic challenges.IT spending in North America and Europe has remained robust due to strong demand for digital and cloud transformations.We believe the said demand momentum is likely to remain intact at least for the quarter and don’t foresee any spending being cut in this quarter, at least from the large clients across geographies.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 & Telecom Q2fy23 Result Preview – Demand to Remain Robust

India

Zen Technologies Limited manufactures, buys, sells, imports, exports, assembles and maintains computers, electronic gadgets and allied products, in addition to providing consultancy advice and services based on computer software and hardware packages.  Zen also develops, constructs, fabricates and sells training simulators and Allied Products to armed forces, security and police agencies.

Zen Technologies (ZEN IN)

Zensar Technologies Ltd. - Beat on Profit; Near-Term Challenges Persist

In Q2FY24, Zensar Technologies Ltd (Zensar) reported revenue of Rs 1,241 Cr, up 1.1% QoQ and 0.6% QoQ (in CC terms), which stood slightly below our...

Axis Direct

HSIE Results Daily: Colgate Palmolive, Deepak Nitrite, Alkyl Amines

Colgate Palmolive: Colgate’s domestic revenue grew 5% YoY (four-year CAGR sustaining at 4%), led by high single-digit growth in toothpaste (Dabur...

HDFC Securities

Key Highlights of the Month – Fundamental

It gives us immense joy to share with you our latest published report – Union Budget 2023-24: Post Budget Analysis & Stock Ideas.

Axis Direct

Zensar Technologies (Zensar) - Macro Concerns Pushing Revenue Recovery…

Zensar Technologies (Zensar) offers application & IMS services to hi-tech, manufacturing, retail and BFSI. Zensar has grown organically and...

ICICI Securities Limited

It & Telecom Q2fy23 Result Preview – Demand to Remain Robust

The IT Services sector is expected to report resilient growth in Q2FY23 primarily led by the new large deal wins and a ramp-up of deals won in the...

Axis Direct