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>Symphony: While Symphony's domestic revenue (c.70% of consolidated revenue) was in line, sustained weakness in its RoW portfolio led to an overall miss</li><li>Domestic revenue grew 23% YoY to INR 2.1bn (highest-ever quarterly revenue)</li><li>However, the delayed onset of summer has led to high channel inventory</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>

Symphony: While Symphony's domestic revenue (c.70% of consolidated revenue) was in line, sustained weakness in its RoW portfolio led to an overall missDomestic revenue grew 23% YoY to INR 2.1bn (highest-ever quarterly revenue)However, the delayed onset of summer has led to high channel inventoryContent 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.

Symphony - Weak RoW Performance; Downgrade to REDUCE

Symphony Ltd

Symphony - Weak RoW Performance; Downgrade to REDUCE