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

Mahindra Cie Automotive / Equity Bottom-Up

<ul><li>European Operations: MCIE’s business from continuing operations in Europe grew by a robust 29% YoY to Rs 3,165 Cr (despite the light vehicle industry (&lt;6Tons) declining by 1.3%YoY and flat growth in MHCV segment in CY22).</li><li>The outperformance was mainly driven by market share gains (40% YoY in CY22) due to the consolidation of the supply chain network.</li><li>Transition to EV: EVs have become mainstream in both Europe and India.</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>

European Operations: MCIE’s business from continuing operations in Europe grew by a robust 29% YoY to Rs 3,165 Cr (despite the light vehicle industry (&lt;6Tons) declining by 1.3%YoY and flat growth in MHCV segment in CY22).The outperformance was mainly driven by market share gains (40% YoY in CY22) due to the consolidation of the supply chain network.Transition to EV: EVs have become mainstream in both Europe and India.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 Ltd - Demand-Led Capacity Expansion to Drive Growth