External broker reports(aggregated public sources), Axis Direct

Axis Direct

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

Sanathan Textiles Private Limited manufactures textile products. The Company supplies partially oriented, cotton, fully drawn, draw and air textured, polyester, fibers, and effect yarns to fabric weaving and knitting companies. Sanathan Textiles serves customers worldwide.

<ul><li>Capacity Expansion Post IPO: The company reached a major milestone with the completion of its IPO, where it raised Rs 400 Cr from leading investors and has undertaken an ambitious capacity expansion plan in Punjab.</li><li>The upcoming Punjab plant is expected to be operational by Q1FY26 (Phase-I), increasing polyester filament capacity from 550 to 1,500 TPD, and will take total capacity to 5.5 Lc MTPA by FY28 in a phased manner.</li><li>Its current capacities are running at optimum utilisation, and it expects to quickly ramp up the utilisation in the new facilities based on the expected demand.</li></ul>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.

Capacity Expansion Post IPO: The company reached a major milestone with the completion of its IPO, where it raised Rs 400 Cr from leading investors and has undertaken an ambitious capacity expansion plan in Punjab.The upcoming Punjab plant is expected to be operational by Q1FY26 (Phase-I), increasing polyester filament capacity from 550 to 1,500 TPD, and will take total capacity to 5.5 Lc MTPA by FY28 in a phased manner.Its current capacities are running at optimum utilisation, and it expects to quickly ramp up the utilisation in the new facilities based on the expected demand.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.

Axis Punch: Sanathan Textiles Ltd - 18th June, 2025

Dalmia Bharat Limited holds cement and power businesses. The Company's interests include cement, power and refractory businesses.

<ul><li>Dalmia Bharat Limited (DBL) is one of the established cement players in India.</li><li>The company expanded its cement capacity from 44.6 MTPA to 49.5 MTPA in FY25.</li><li>In Mar’25, it also completed the expansion of a 2.4 MTPA cement grinding unit in the State of Assam. </li></ul>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.

Dalmia Bharat Limited (DBL) is one of the established cement players in India.The company expanded its cement capacity from 44.6 MTPA to 49.5 MTPA in FY25.In Mar’25, it also completed the expansion of a 2.4 MTPA cement grinding unit in the State of Assam. 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.

Axis Annual Analysis: Dalmia Bharat - 17th June 2025

Prestige Estates Projects / Equity Bottom-Up

Prestige Estates Projects Ltd. develops real estate.  The Company builds residential projects including apartments, villas, plotted developments and integrated townships; commercial projects including corporate office buildings and technology parks; hotels and resorts; and retail buildings.

<ul><li>Launches led to pick-up in sales; Strong guidance: In Q4FY25, the company launched projects totalling 14 Mn sq. ft., including two major projects, Prestige Southern Star and Prestige Spring Heights, each covering ~5 Mn sq. ft. as compared to ~10 Mn sq. ft. in 9MFY25.</li><li>Its presales for FY25 stood at Rs 17,000 Cr, missing its earlier guidance of Rs ~24,000 Cr but in line with our expectations post Q3FY25.</li><li>Prestige has guided towards a launch pipeline of GDV Rs 42,000 Cr while having an unsold inventory of Rs ~20,000 Cr. </li></ul>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.

Launches led to pick-up in sales; Strong guidance: In Q4FY25, the company launched projects totalling 14 Mn sq. ft., including two major projects, Prestige Southern Star and Prestige Spring Heights, each covering ~5 Mn sq. ft. as compared to ~10 Mn sq. ft. in 9MFY25.Its presales for FY25 stood at Rs 17,000 Cr, missing its earlier guidance of Rs ~24,000 Cr but in line with our expectations post Q3FY25.Prestige has guided towards a launch pipeline of GDV Rs 42,000 Cr while having an unsold inventory of Rs ~20,000 Cr. 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.

Axis Punch: Prestige Estates Projects Ltd - 17th June, 2025

RHI Magnesita India Limited operates as a mining company. The Company supplies high-grade refractory products, systems, and solutions including bricks, lining mixes, and flow control products such as slide gates, nozzles, and plugs. RHI Magnesita India serves customers worldwide.

<ul><li>Positive end-user Industry outlook: With the growth in India’s steel, non-ferrous and cement sectors, RHIM is well-positioned to cater to the demand, being a market leader in refractories (30% market share in India).</li><li>India is the highest growth market for refractories globally, with a 6-8% CAGR forecast. India's refractory market is projected to reach $4.5 Bn by 2030, faster than earlier estimates, driven by material innovations and organic growth.</li><li>The medium-term demand fundamentals remain intact, with domestic steel capacity poised to expand (300 MT target by 2030) and infrastructure-led cement demand expected to recover in FY26 (6-8% YoY growth expected in FY26).</li></ul>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.

Positive end-user Industry outlook: With the growth in India’s steel, non-ferrous and cement sectors, RHIM is well-positioned to cater to the demand, being a market leader in refractories (30% market share in India).India is the highest growth market for refractories globally, with a 6-8% CAGR forecast. India's refractory market is projected to reach $4.5 Bn by 2030, faster than earlier estimates, driven by material innovations and organic growth.The medium-term demand fundamentals remain intact, with domestic steel capacity poised to expand (300 MT target by 2030) and infrastructure-led cement demand expected to recover in FY26 (6-8% YoY growth expected in FY26).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.

Axis Punch: RHI Magnesita India Ltd - 16th June, 2025

NTPC Ltd. owns and operates power generation plants that supply power to state electricity boards throughout India.  The Company is a public sector undertaking of the Government of India and it also undertakes turnkey consulting projects to set up power plants.

<ul><li>Capacity expansion: NTPC group’s installed capacity grew by 3,972 MW to 79,930 MW in FY25, mainly led by 3,312 MW of RE capacity (includes inorganic Anaya acquisition), while thermal capacity increased by only 660 MW.</li><li>The total under-construction capacity stands at over 33,750 MW, with Thermal under construction at 16,900 MW, Solar at 9,629 MW, Wind at 4,966 MW and Hydro at 2,255 MW.</li><li>Target CoD is 21 GW over FY26-27 (11.8/9.9 GW in FY26/27).</li></ul>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.

Capacity expansion: NTPC group’s installed capacity grew by 3,972 MW to 79,930 MW in FY25, mainly led by 3,312 MW of RE capacity (includes inorganic Anaya acquisition), while thermal capacity increased by only 660 MW.The total under-construction capacity stands at over 33,750 MW, with Thermal under construction at 16,900 MW, Solar at 9,629 MW, Wind at 4,966 MW and Hydro at 2,255 MW.Target CoD is 21 GW over FY26-27 (11.8/9.9 GW in FY26/27).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.

Pick of the Week: NTPC Ltd - 14th June, 2025

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.

Axis Direct
External broker reports(aggregated public sources)
• Axis Direct

Axis Punch: Sanathan Textiles Ltd - 18th June, 2025

The company reached a major milestone with the completion of its IPO, where it raised Rs 400 Cr from leading investors and has undertaken an...

Axis Direct

Axis Annual Analysis: Dalmia Bharat - 17th June 2025

Dalmia Bharat Limited (DBL) is one of the established cement players in India. The company expanded its cement capacity from 44.6 MTPA to 49.5 MTPA...

Axis Direct

Axis Punch: Prestige Estates Projects Ltd - 17th June, 2025

In Q4FY25, the company launched projects totalling 14 Mn sq. ft., including two major projects, Prestige Southern Star and Prestige Spring Heights

Axis Direct

Axis Punch: RHI Magnesita India Ltd - 16th June, 2025

With the growth in India’s steel, non-ferrous and cement sectors, RHIM is well-positioned to cater to the demand, being a market leader in...

Axis Direct

Pick of the Week: NTPC Ltd - 14th June, 2025

NTPC group’s installed capacity grew by 3,972 MW to 79,930 MW in FY25, mainly led by 3,312 MW of RE capacity (includes inorganic Anaya...

Axis Direct