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. 

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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>FY23 for Bajaj Auto was characterised by strong domestic sales but weak exports, which continued to weigh on overall sales.</li><li>Despite lower sales volumes, revenue grew YoY due to higher ASPs during the year, which was led by price increases, higher share of 3W, and higher share of 125cc+ in the sales mix.</li><li>The management continued to focus on the EV and premium motorcycle and as a result, Capex stood higher in FY23. </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>

FY23 for Bajaj Auto was characterised by strong domestic sales but weak exports, which continued to weigh on overall sales.Despite lower sales volumes, revenue grew YoY due to higher ASPs during the year, which was led by price increases, higher share of 3W, and higher share of 125cc+ in the sales mix.The management continued to focus on the EV and premium motorcycle and as a result, Capex stood higher in FY23. 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.

Annual Report Analysis - Bajaj Auto - 28th Aug 2023

Bajaj Auto Ltd

Annual Report Analysis - Bajaj Auto - 28th Aug 2023