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>AL’s share in the MHCV segment improved to 33% in Q3FY23 (32% in Q2FY23/ 26% in Q3FY22). LCV share also improved to 11.6% (up 70/40 bps YoY/QoQ).</li><li>Total domestic sales grew by 44%/5% YoY/QoQ, and exports grew by 6% QoQ (albeit with a de-growth of 8% YoY).</li><li>The company’s AVTR range is seeing strong demand. It also expanded its MHCV and LCV portfolio with the launches of Partner Super, Bada Dost i1 and i2. Variants.</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>

AL’s share in the MHCV segment improved to 33% in Q3FY23 (32% in Q2FY23/ 26% in Q3FY22). LCV share also improved to 11.6% (up 70/40 bps YoY/QoQ).Total domestic sales grew by 44%/5% YoY/QoQ, and exports grew by 6% QoQ (albeit with a de-growth of 8% YoY).The company’s AVTR range is seeing strong demand. It also expanded its MHCV and LCV portfolio with the launches of Partner Super, Bada Dost i1 and i2. Variants.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 Q3FY23 with Beat Across Numbers; Maintain BUY