External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

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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>Inventory rationalisation by agrochemical companies owing to rising inventory carrying costs and aggressive product pricing by Chinese manufacturers to regain market share has adversely impacted business from the agrochemical industry</li><li>SRF management does not expect this situation to continue long and believes that customers will restock inventories</li><li>Management expects Q3FY24 to be better than Q2FY24 and Q4FY24 to be better than Q3FY24 as demand for agrochemicals from farmers is still healthy</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>

Inventory rationalisation by agrochemical companies owing to rising inventory carrying costs and aggressive product pricing by Chinese manufacturers to regain market share has adversely impacted business from the agrochemical industrySRF management does not expect this situation to continue long and believes that customers will restock inventoriesManagement expects Q3FY24 to be better than Q2FY24 and Q4FY24 to be better than Q3FY24 as demand for agrochemicals from farmers is still healthyContent 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.

SRF: Better placed to withstand headwinds. Maintain ADD

SRF Ltd

SRF: Better placed to withstand headwinds. Maintain ADD