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

Steel Authority of India / Equity Bottom-Up

<ul><li>Superior Q4 Performance: EBITDA at Rs 4,409 Cr, up 58%/92% YoY/QoQ, has beaten the consensus/our estimate by 11%/21%.</li><li>This was led by a jump in saleable steel sales volume at 5.3 MT, a 5% beat vs. our estimate, along with a lower employee and RM costs (improving coke rate).</li><li>EBITDA/tonne stood at Rs 8,287/t, up 59%/86% YoY/QoQ, reflecting higher NSR and improving RM cost control, led by superior techno-economic parameters.</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>

Superior Q4 Performance: EBITDA at Rs 4,409 Cr, up 58%/92% YoY/QoQ, has beaten the consensus/our estimate by 11%/21%.This was led by a jump in saleable steel sales volume at 5.3 MT, a 5% beat vs. our estimate, along with a lower employee and RM costs (improving coke rate).EBITDA/tonne stood at Rs 8,287/t, up 59%/86% YoY/QoQ, reflecting higher NSR and improving RM cost control, led by superior techno-economic parameters.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.

インド鉄鋼公社（SAIL） - 第4四半期は好調：全体的に予想を上回る