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. 

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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

Steel Authority of India / Equity Bottom-Up

<ul><li>SAIL reported robust Q2FY24 numbers with beat across numbers.</li><li>Revenue grew by 13%/22% YoY/QoQ, 7% ahead of our estimates, led by higher-than-expected sales volume at 4.77MT (up 13%/23% YoY/QoQ, 5% beat) and benefit from higher provisional pricing from Railways.</li><li>EBITDA improved to Rs 3,875 Cr, up 427%/135% YoY/QoQ, a 38%/61% beat against ours and consensus, mainly led by higher topline. </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>

SAIL reported robust Q2FY24 numbers with beat across numbers.Revenue grew by 13%/22% YoY/QoQ, 7% ahead of our estimates, led by higher-than-expected sales volume at 4.77MT (up 13%/23% YoY/QoQ, 5% beat) and benefit from higher provisional pricing from Railways.EBITDA improved to Rs 3,875 Cr, up 427%/135% YoY/QoQ, a 38%/61% beat against ours and consensus, mainly led by higher topline. 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.

Sail - Robust Q2; Project Execution Key Risk in the Medium to Long Term