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>We initiate coverage on KPIT Technologies Ltd (KPIT) with a BUY rating and Target Price of Rs 1500/share, implying an upside of 28% from the CMP.</li><li>We believe KPIT is well-placed to revive its growth momentum andthis recovery would be driven by 1) Significant growth opportunities in the ER&amp;D space in the automobile vertical,2) Sustainable operating margins on account of better services mix and improving operational efficiencies,3) Robust balancesheet, strong return ratios,and healthy free cash flow generation, 4) Efficient execution capabilities, and 5) The company’s rampup in new deal wins along with strong client additions</li><li>.We believe these attributes would aid KPITin achieving sustainablegrowth in the longterm.</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>

We initiate coverage on KPIT Technologies Ltd (KPIT) with a BUY rating and Target Price of Rs 1500/share, implying an upside of 28% from the CMP.We believe KPIT is well-placed to revive its growth momentum andthis recovery would be driven by 1) Significant growth opportunities in the ER&amp;D space in the automobile vertical,2) Sustainable operating margins on account of better services mix and improving operational efficiencies,3) Robust balancesheet, strong return ratios,and healthy free cash flow generation, 4) Efficient execution capabilities, and 5) The company’s rampup in new deal wins along with strong client additions.We believe these attributes would aid KPITin achieving sustainablegrowth in the longterm.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.

KPIT Technologies Ltd - Engineered for Accelerated Growth