External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

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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.

Equity Bottom-Up

<ul><li>Balkrishna Industries: Balkrishna Industries’ (BKT) Q2 FY24 PAT, at INR3.3bn, came in line with our estimate</li><li>Margin improved 140bps QoQ to 24.4% (in-line) and was led by an improved mix and favourable currency</li><li>Management has indicated that given the recent geopolitical headwinds, the recovery in global OTR tyre demand is likely to take longer than earlier envisaged</li></ul><p><em>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.</em></p>

Balkrishna Industries: Balkrishna Industries’ (BKT) Q2 FY24 PAT, at INR3.3bn, came in line with our estimateMargin improved 140bps QoQ to 24.4% (in-line) and was led by an improved mix and favourable currencyManagement has indicated that given the recent geopolitical headwinds, the recovery in global OTR tyre demand is likely to take longer than earlier envisagedContent 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.

Balkrishna Industries - Demand Likely to Take Longer to Revive