Top Picks - Upcoming Monsoon Critical for Broad-Based Recovery - June 2023
Axis Top Picks basket delivered impressive returns of 25% in the last one year, outperforming the benchmark Index NIFTY 50 (12% returns in one...
413 Views
HSIE Results Daily: Ashok Leyland, Fsn E-Commerce Ventures (Nykaa)
Ashok Leyland: Ashok Leyland’s Q4 PAT, at INR 6.9bn, was ahead of our estimate, led by higher-than-expected ASP and a 50-bps margin beat to 11%
340 Views
Ashok Leyland - Excellent Q4FY23; Maintain BUY on Longish CV Cycle
EBITDA grew by 64%/60% YoY/QoQ, largely in line with our estimates (beat of 8.5% against consensus estimates) led by improved gross margins.
311 Views
Q4FY23 - Consolidated Earnings Preview
Q4FY23 earnings season was marked by weaker macro, rising interest rates, banking challenges in the US and European markets, and moderation in...
270 Views
Auto Q4fy23 Preview - Improved Product Mix, Moderation in Rm Costs to Drive Margin Growth
EBITDA margins are expected to expand both YoY/QoQ due to a richer product mix, absorption of price hikes, and marginally lower RM costs.
243 Views