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>CV Industry Outlook: The domestic CV industry growth outlook in long-term appears moderately favorable, backed by i) A strong macroeconomic environment, ii) Healthy fleet utilization levels, iii) Govt capex on infrastructure projects, iv) The vehicle scrappage policy and v) Stable freight demand. </li>
<li>EV Business: The company has a strong order book of 2,000 electric buses which the company expects to deliver in next 15 to 18 months.</li>
<li>The management stated that Switch India will achieve EBITDA breakeven by FY25 end, while Switch UK/Europe may require additional investment due to weaker demand.</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>


CV Industry Outlook: The domestic CV industry growth outlook in long-term appears moderately favorable, backed by i) A strong macroeconomic environment, ii) Healthy fleet utilization levels, iii) Govt capex on infrastructure projects, iv) The vehicle scrappage policy and v) Stable freight demand. 
EV Business: The company has a strong order book of 2,000 electric buses which the company expects to deliver in next 15 to 18 months.
The management stated that Switch India will achieve EBITDA breakeven by FY25 end, while Switch UK/Europe may require additional investment due to weaker 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.

Ashok Leyland - Robust Margins. Expect Improvement in CV Industry Volumes in H2FY25