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

Mahindra Cie Automotive / Equity Bottom-Up

<ul><li>Indian Business Outlook: The light vehicles market (&lt;6 tons) largely saw flat volumes YoY in Q3CY24, with the company's Indian operations performing in line with the industry, showing a marginal 1.5% YoY growth.</li><li>Despite a softened demand environment, given a high base in CY23, the ramp-up of new orders and an increase in EV export orders are expected to support CIEAUTO’s Indian operations moving forward.</li><li>Revenue growth for the Indian segment is projected at a 10% CAGR over CY24-26E.</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>

Indian Business Outlook: The light vehicles market (&lt;6 tons) largely saw flat volumes YoY in Q3CY24, with the company's Indian operations performing in line with the industry, showing a marginal 1.5% YoY growth.Despite a softened demand environment, given a high base in CY23, the ramp-up of new orders and an increase in EV export orders are expected to support CIEAUTO’s Indian operations moving forward.Revenue growth for the Indian segment is projected at a 10% CAGR over CY24-26E.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.

CIE Automotive India Ltd - Navigating Challenges with Strategic Growth in Indian Operations