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. 

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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.

Thematic (Sector/Industry)

India Financials / Thematic (Sector/Industry)

<ul><li>Gujarat Gas: Our ADD recommendation on Gujarat Gas (GGL), with a price target of INR 600/sh, is premised on (1) volume growth of only ~10% CAGR over FY24-26E compared to ~18% volume growth seen over FY19-22 and (2) increased pricing competition from alternate fuel in the industrial/commercial segment</li><li>Q3FY24 EBITDA/PAT at INR 4/2.2bn came in below our estimates, owing to lower-than-expected volumes and per unit EBITDA margin</li><li>Volume stood at 9.16mmscmd (+26% YoY, -2% QoQ). Deepak Nitrite: We maintain SELL on Deepak Nitrite (DNL), with a price target of INR 1,448 (WACC 12%, terminal growth 4%)</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>

Gujarat Gas: Our ADD recommendation on Gujarat Gas (GGL), with a price target of INR 600/sh, is premised on (1) volume growth of only ~10% CAGR over FY24-26E compared to ~18% volume growth seen over FY19-22 and (2) increased pricing competition from alternate fuel in the industrial/commercial segmentQ3FY24 EBITDA/PAT at INR 4/2.2bn came in below our estimates, owing to lower-than-expected volumes and per unit EBITDA marginVolume stood at 9.16mmscmd (+26% YoY, -2% QoQ). Deepak Nitrite: We maintain SELL on Deepak Nitrite (DNL), with a price target of INR 1,448 (WACC 12%, terminal growth 4%)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.

Aditya Birla Fashion and Retail Ltd (ABFRL IN)

HSIE Results Daily: Gujarat Gas, Deepak Nitrite, Aditya Birla Fashion and Retail