External broker reports(aggregated public sources), Axis Direct

Axis Direct

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.

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>Upstream Aluminium Strong: Upstream EBITDA/t grew by 4%/12% YoY/QoQ to $1,756/t (firstquartile globally), aided by higher LME Aluminium even as third-party shipments drop by 3%/5% YoY/QoQ at 232 kt.</li><li>Q4 CoP increased ~2.4% QoQ. Q1FY27 CoP expected to rise another ~5% QoQ, mainly due to furnace oil inflation, higher CPC and pitch costs. Coal prices remain relatively stable currently.</li><li>Aluminium Downstream Mix Improvement &amp; Premiumisation Continues: EBITDA grew 16%/9% YoY/QoQ to Rs 255 Cr, following shipments trajectory which stood at 124kt, up 18%/15% YoY/QoQ. </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>

Upstream Aluminium Strong: Upstream EBITDA/t grew by 4%/12% YoY/QoQ to $1,756/t (firstquartile globally), aided by higher LME Aluminium even as third-party shipments drop by 3%/5% YoY/QoQ at 232 kt.Q4 CoP increased ~2.4% QoQ. Q1FY27 CoP expected to rise another ~5% QoQ, mainly due to furnace oil inflation, higher CPC and pitch costs. Coal prices remain relatively stable currently.Aluminium Downstream Mix Improvement &amp; Premiumisation Continues: EBITDA grew 16%/9% YoY/QoQ to Rs 255 Cr, following shipments trajectory which stood at 124kt, up 18%/15% YoY/QoQ. 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.

Hindalco Industries Ltd - Robust Performance Across Segments; Novelis Headwinds Easing