External broker reports(aggregated public sources), Axis Direct

Axis Direct

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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

<div><div><div><div><ul><li>Praj Industries Ltd (Praj) bookednew orders worth 981 Cr in Q2FY23, out of which Bio-Energy constituted 85% as domestic demand continues to drive growth.</li><li>The company expects the export market to pick up in H2FY23. The Engineering business is also poised to drive growth as clean energy adoption gains traction.</li><li>Moreover, the company foresees positive development from the UP government in developing ground for the CBG business environment which will aid the next leg of growth alongwith 2G and Bio-Mobility business. </li></ul></div></div></div></div><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>

Praj Industries Ltd (Praj) bookednew orders worth 981 Cr in Q2FY23, out of which Bio-Energy constituted 85% as domestic demand continues to drive growth.The company expects the export market to pick up in H2FY23. The Engineering business is also poised to drive growth as clean energy adoption gains traction.Moreover, the company foresees positive development from the UP government in developing ground for the CBG business environment which will aid the next leg of growth alongwith 2G and Bio-Mobility business. 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.

Praj Industries Ltd - Steady Quarter with Execution Improvement; Maintain BUY