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.

Thematic (Sector/Industry)

India Consumer discretionary / Thematic (Sector/Industry)

<ul><li>The domestic CV wholesale volumes registered positive momentum with 11% YoY growth (5% MoM) in Feb’23, which was driven by the growth in the MHCV segment, which in turn, was led by the pick-up in the infrastructure spending.</li><li>The domestic PV wholesale volumes grew 12% YoY (down 4% MoM). We believe demand momentum to continue as OEMs fulfil order backlogs along with new launches in the SUV segment by the OEMs Maruti (Fronx, Jimny), M&amp;M (Thar RWD, XUV400), and Tata Motors (Tiago EV).</li><li>For 2Ws, the domestic sales (excl. HMSI), grew by ~21%YoY (on a low base of Feb’22) while export volumes de-grew across all OEMs (except RE, flat YoY).</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>

The domestic CV wholesale volumes registered positive momentum with 11% YoY growth (5% MoM) in Feb’23, which was driven by the growth in the MHCV segment, which in turn, was led by the pick-up in the infrastructure spending.The domestic PV wholesale volumes grew 12% YoY (down 4% MoM). We believe demand momentum to continue as OEMs fulfil order backlogs along with new launches in the SUV segment by the OEMs Maruti (Fronx, Jimny), M&amp;M (Thar RWD, XUV400), and Tata Motors (Tiago EV).For 2Ws, the domestic sales (excl. HMSI), grew by ~21%YoY (on a low base of Feb’22) while export volumes de-grew across all OEMs (except RE, flat YoY).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 Industry - Robust Domestic Sales; 2W Exports Continue to Remain Weak