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>Underwhelming quarter amid sluggish demand: Asian Paints' results fell short of both our and street estimates due to subdued consumer sentiment, prolonged monsoons, and weaker performance in urban markets.</li><li>Consolidated sales declined by 5.3%, impacted by prior price cuts, weak performance in the decorative segment (with a volume decline of 0.5% YoY and revenue down by 6.7%), and increased competition offering steep discounts.</li><li>The Industrial Business, however, posted single-digit value growth, driven by the General Industrial, Protective Coatings, and Refinish segments. </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>

Underwhelming quarter amid sluggish demand: Asian Paints' results fell short of both our and street estimates due to subdued consumer sentiment, prolonged monsoons, and weaker performance in urban markets.Consolidated sales declined by 5.3%, impacted by prior price cuts, weak performance in the decorative segment (with a volume decline of 0.5% YoY and revenue down by 6.7%), and increased competition offering steep discounts.The Industrial Business, however, posted single-digit value growth, driven by the General Industrial, Protective Coatings, and Refinish segments. 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.

Asian Paints Ltd - Demand Remains Sluggish; Maintain HOLD