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. 

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.

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>Ashok Leyland Ltd (AL) reported a robust set of numbers with revenues of Rs 8,266 Cr, up 85%/14% YoY/QoQ and 1.6% beat vs. our estimate.</li><li>The growth was led by higher ASP on account of price hikes. Sales volume (reported earlier) grew by 65%/14% YoY/QoQ.</li><li>EBITDA grew by 299%/68% YoY/QoQ to Rs 537 Cr, 9.3% beat vs. our estimate on account of lower other expenses.</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>

Ashok Leyland Ltd (AL) reported a robust set of numbers with revenues of Rs 8,266 Cr, up 85%/14% YoY/QoQ and 1.6% beat vs. our estimate.The growth was led by higher ASP on account of price hikes. Sales volume (reported earlier) grew by 65%/14% YoY/QoQ.EBITDA grew by 299%/68% YoY/QoQ to Rs 537 Cr, 9.3% beat vs. our estimate on account of lower other expenses.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 Q2 with Market Share Gains; Growth & Profitability to Sustain