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>On the Q2 print, overall B2C GOV grew 47.6% YoY (12.7% QoQ) to reach INR 166.8bn (in-line)</li><li>Food delivery (FD) GOV grew 18.8% YoY to INR 85.4bn (HSIE: INR 84.9bn), largely driven by MTU addition (+17%)</li><li>The segment witnessed heightened competition in terms of lowered subscription fee and reduced minimum order values, impact partially offset by platform fee hikes FD’s adj EBITDAM improved QoQ by 44bps to 2.8%</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>

On the Q2 print, overall B2C GOV grew 47.6% YoY (12.7% QoQ) to reach INR 166.8bn (in-line)Food delivery (FD) GOV grew 18.8% YoY to INR 85.4bn (HSIE: INR 84.9bn), largely driven by MTU addition (+17%)The segment witnessed heightened competition in terms of lowered subscription fee and reduced minimum order values, impact partially offset by platform fee hikes FD’s adj EBITDAM improved QoQ by 44bps to 2.8%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.

Swiggy (2QFY26): FD Print In-Line, Instamart Beats Burn Expectations. Maintain ADD