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>Industry Outlook: In FY24, the MHCV/LCV production volumes grew ~2.97%/2.68% YoY; and in Q4FY24 production volumes grew ~15%/20% QoQ.</li><li>We expect growth in the Passenger segment volumes to continue to witness double-digit growth.</li><li>However, the MHCV goods carrier segment volumes are likely to witness tepid growth in the near term (possible decline as well) with a gradual recovery expected only post FY25 full-year budget.</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>

Industry Outlook: In FY24, the MHCV/LCV production volumes grew ~2.97%/2.68% YoY; and in Q4FY24 production volumes grew ~15%/20% QoQ.We expect growth in the Passenger segment volumes to continue to witness double-digit growth.However, the MHCV goods carrier segment volumes are likely to witness tepid growth in the near term (possible decline as well) with a gradual recovery expected only post FY25 full-year budget.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.

Automotive Axles - Short-Term Pain, Long-Term Gain!