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>Annuity Scale-Up: After the launch of Commerz III and SkyCity mall, we expect the rentals to scale up to Rs 1,480 Cr by FY27E. Strong leasing at Commerz III led to a blended occupancy of 85%; however, it led to a minor dip in EBITDA QoQ.</li><li>Hospitality occupancy for FY25 remained at 81% vs. the previous 83%, with operating revenue of Rs 1,927 Cr, up by 8.6% and an EBITDA of Rs 792 Cr, up by 13.3%.</li><li>Going forward, the company plans to expand its portfolio in Worli with ~1 Mn sq. ft. in office space and 0.5 Mn sq. ft. in retail. </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>

Annuity Scale-Up: After the launch of Commerz III and SkyCity mall, we expect the rentals to scale up to Rs 1,480 Cr by FY27E. Strong leasing at Commerz III led to a blended occupancy of 85%; however, it led to a minor dip in EBITDA QoQ.Hospitality occupancy for FY25 remained at 81% vs. the previous 83%, with operating revenue of Rs 1,927 Cr, up by 8.6% and an EBITDA of Rs 792 Cr, up by 13.3%.Going forward, the company plans to expand its portfolio in Worli with ~1 Mn sq. ft. in office space and 0.5 Mn sq. ft. in retail. 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.

Oberoi Realty Ltd - Sustaining Sales and Launches Remain Key; Maintain BUY