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. 

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)

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

<ul><li>Robust Growth with Sustained Margin Expansion: The company reported $1.6 Bn revenue, up 2.7% YoY and 1.5% QoQ.</li><li>In CC terms, it grew by 1.3% YoY and 1.7% QoQ with continued profitability improvement in EBIT margin at 13.1%, strong cash generation with $194 Mn FCF, and 123% YTD cash conversion.</li><li>Deal Wins/Pipeline: The company reported record quarterly bookings of $1.1 Bn, the highest in five years, driving 48% YoY growth in LTM deal wins. </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>

Robust Growth with Sustained Margin Expansion: The company reported $1.6 Bn revenue, up 2.7% YoY and 1.5% QoQ.In CC terms, it grew by 1.3% YoY and 1.7% QoQ with continued profitability improvement in EBIT margin at 13.1%, strong cash generation with $194 Mn FCF, and 123% YTD cash conversion.Deal Wins/Pipeline: The company reported record quarterly bookings of $1.1 Bn, the highest in five years, driving 48% YoY growth in LTM deal wins. 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.

Tech Mahindra Ltd - Deal Win Continues; Robust Growth Outlook