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

<div><div><div><div><ul><li>The lower salience of the high-margin general merchandise and apparel category impacted its overall profitability growth in Q3FY23.</li><li>We believe the company’s overall quality of sales and margin profile is likely to recover in FY24 as the company passes on the RM benefits through price reduction and increase grammage as well as due to the RBI’s intervention to curtail overall inflation which will lead to the overall improvement in throughput.</li><li>We recommend a wait-and-watch approach as we look for demand recovery triggers</li></ul></div></div></div></div><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 lower salience of the high-margin general merchandise and apparel category impacted its overall profitability growth in Q3FY23.We believe the company’s overall quality of sales and margin profile is likely to recover in FY24 as the company passes on the RM benefits through price reduction and increase grammage as well as due to the RBI’s intervention to curtail overall inflation which will lead to the overall improvement in throughput.We recommend a wait-and-watch approach as we look for demand recovery triggersContent 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.

Avenue Supermarts (DMART) - Discretionary Yet to Recover Fully

Avenue Supermarts Ltd

Avenue Supermarts (DMART) - Discretionary Yet to Recover Fully