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. 

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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>Strong performance at upstream Aluminium: Upstream EBITDA/t grew by 74%/14% YoY/QoQ to $1,684/t on account of lower input costs and higher LME Aluminium price (up 19%/2% YoY/QoQ), partially offset by lower third-party shipments, which stood at 240 kt, down 3% YoY/QoQ each.</li><li>In Q4FY25, aluminium CoP was down 1% QoQ, and in Q1FY26, it could stay flat or move up by 1% QoQ, as CP coke prices have inched up while coal prices are flat.</li><li>Aluminium downstream EBITDA/t rose sharply by 45%/34% YoY/QoQ to $240/t, while shipments stood flat YoY (up 6% QoQ), driven by better product mix comprising foil stock and packaging.</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>

Strong performance at upstream Aluminium: Upstream EBITDA/t grew by 74%/14% YoY/QoQ to $1,684/t on account of lower input costs and higher LME Aluminium price (up 19%/2% YoY/QoQ), partially offset by lower third-party shipments, which stood at 240 kt, down 3% YoY/QoQ each.In Q4FY25, aluminium CoP was down 1% QoQ, and in Q1FY26, it could stay flat or move up by 1% QoQ, as CP coke prices have inched up while coal prices are flat.Aluminium downstream EBITDA/t rose sharply by 45%/34% YoY/QoQ to $240/t, while shipments stood flat YoY (up 6% QoQ), driven by better product mix comprising foil stock and packaging.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 Q4: Indian Operations Continue to Deliver Strong Performance