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: AL’s domestic MHCV market share stood at ~31.5% in Q4FY24 (down from ~32% in Q4FY23) and the LCV market share stood at 11.3% (down from 11.7% in Q4FY23).</li><li>We expect the domestic CV industry growth outlook to remain subdued in the near term owing to the high base of last year as well as some impact of union elections.</li><li>However, long-term demand appears moderately favorable, backed by i) A strong macroeconomic environment, ii) Healthy replacement demand (specifically in the passenger vehicles), iii) Good traction on infrastructure projects, iv) The vehicle scrappage policy and v) Stable freight 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: AL’s domestic MHCV market share stood at ~31.5% in Q4FY24 (down from ~32% in Q4FY23) and the LCV market share stood at 11.3% (down from 11.7% in Q4FY23).We expect the domestic CV industry growth outlook to remain subdued in the near term owing to the high base of last year as well as some impact of union elections.However, long-term demand appears moderately favorable, backed by i) A strong macroeconomic environment, ii) Healthy replacement demand (specifically in the passenger vehicles), iii) Good traction on infrastructure projects, iv) The vehicle scrappage policy and v) Stable freight 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  - Strong EBITDA in Q4FY24; Expect Flattish MHCV Volumes Ahead