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>Despite higher Henry Hub (HH) gas prices, EBITDA/scm improved by 4% QoQ (down 1% YoY) to Rs 8.3/scm.</li><li>MGL optimized its sourcing mix, replacing high-cost HH with HPHT or spot gas where viable.</li><li>Management noted that lower Brent prices provided a 20-cent saving on linked contracts, which more than offset the 1.4-cent rise in HH costs. </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>

Despite higher Henry Hub (HH) gas prices, EBITDA/scm improved by 4% QoQ (down 1% YoY) to Rs 8.3/scm.MGL optimized its sourcing mix, replacing high-cost HH with HPHT or spot gas where viable.Management noted that lower Brent prices provided a 20-cent saving on linked contracts, which more than offset the 1.4-cent rise in HH costs. 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.

Mahanagar Gas Ltd - Largely Inline Q3; Volume Growth on Track