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. 

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)

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.

Equity Bottom-Up

<ul><li>Piramal Finance (PIEL) completed its reverse merger with Piramal Enterprises, slated to be listed on stock exchanges from 7th November</li><li>With the corporate structure simplified, PIEL is on course to achieve steady-state profitability, having improved its operating performance considerably in H1FY26</li><li>The growth portfolio (Retail + Wholesale 2.0) witnessed healthy AUM growth (+37% YoY) and steady profitability (RoAUM of 1.7%) in Q2FY26, with levers for further improvement (cost of funds and efficiency gains)</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>

Piramal Finance (PIEL) completed its reverse merger with Piramal Enterprises, slated to be listed on stock exchanges from 7th NovemberWith the corporate structure simplified, PIEL is on course to achieve steady-state profitability, having improved its operating performance considerably in H1FY26The growth portfolio (Retail + Wholesale 2.0) witnessed healthy AUM growth (+37% YoY) and steady profitability (RoAUM of 1.7%) in Q2FY26, with levers for further improvement (cost of funds and efficiency gains)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.

Piramal Finance: Corporate Structure Simplified, Legacy Drag Diminishing. Maintain ADD