Section 1: Company Overview and Fundamentals

1.1 Company Overview:

Alphabet Inc. is a holding company. Google Cloud, Google Services, and Other Bets are among the company's segments. Products and services including advertisements, Android, Chrome, hardware, Google Maps, Google Play, Search, and YouTube are all part of the Google Services sector. The Google Cloud segment includes Google's infrastructure and platform services, collaboration tools, and other services for enterprise customers.

1.2 The Key Positives, Negatives, and Investment summary

1.3 Key Metrics:

The graphs below demonstrate the rising trend in the company's sales, and gross profits, due to increased demand for the company’s products as well as increased efficiency in lowering the cost of revenues for the company. GOOGL’s topline and gross profit have grown at an impressive 5-year CAGR of 29.97% and 27.72% respectively for a company of GOOGL’s size. Furthermore, the company has performed better than the industry median which can be seen in higher profitability margins.

1.4 Top 10 shareholders:

• The top 10 shareholders together form ~28.41% of the total shareholding, signifying diverse shareholding. The Vanguard Group, Inc and Blackrock Institutional Trust company N.A. are the biggest shareholders, holding the maximum stake in the company at ~7.88% and ~4.37%, respectively.

Section 2: Business Updates and Financial Highlights

2.1 Recent Updates:

The below picture gives an overview of the recent updates:

 2.2 Insights of Q2FY22:

Section 3: Key Risks

Section 4: Stock Recommendation Summary:

4.1 Price Performance and Technical Summary:

4.2 Fundamental Valuation

Valuation Methodology: EV/Sales Multiple Based Relative Valuation

Markets are trading in a highly volatile zone currently due to certain macro-economic and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

Note 4: The report publishing date is as per the Pacific Time Zone.

Technical Indicators Defined: -

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.

Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.

Stop-loss: It is a level to protect further losses in case of unfavourable movement in the stock prices.

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