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>Reliance Industries: Our ADD rating on Reliance Industries (RIL) with a price target of INR 1,655/sh is premised on (1) EBITDA growth in the digital business, driven by improvement in ARPU, subscriber addition, and new revenue streams, (2) recovery in the O2C margin, and (3) potential for further value unlocking in the digital and retail businesses</li><li>RIL’s consolidated Q4FY25 EBITDA stood at INR 438bn (+3.1% YoY, +0.1% QoQ) and APAT at INR 194 bn (+2.4% YoY, +4.7% QoQ), below our estimates, due to lower gas production and weaker-than-expected transportation fuel cracks. RBL Bank: RBL Bank’s (RBK) Q4FY25 earnings were muted, owing to sustained accelerated provisioning in the MFI and credit card portfolios as stress levels continued to stay elevated</li><li>Loan growth moderated to 10% YoY for FY25 (FY24: 20%) with de-growth in unsecured segments</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>

Reliance Industries: Our ADD rating on Reliance Industries (RIL) with a price target of INR 1,655/sh is premised on (1) EBITDA growth in the digital business, driven by improvement in ARPU, subscriber addition, and new revenue streams, (2) recovery in the O2C margin, and (3) potential for further value unlocking in the digital and retail businessesRIL’s consolidated Q4FY25 EBITDA stood at INR 438bn (+3.1% YoY, +0.1% QoQ) and APAT at INR 194 bn (+2.4% YoY, +4.7% QoQ), below our estimates, due to lower gas production and weaker-than-expected transportation fuel cracks. RBL Bank: RBL Bank’s (RBK) Q4FY25 earnings were muted, owing to sustained accelerated provisioning in the MFI and credit card portfolios as stress levels continued to stay elevatedLoan growth moderated to 10% YoY for FY25 (FY24: 20%) with de-growth in unsecured segmentsContent 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: Reliance Industries, RBL Bank, DCB Bank