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>Eicher Motors Ltd (Eicher) Q3FY22 performance was marginally below our estimates</li><li>Eicher reported standalone net revenues of Rs 2,838 Cr in Q3FY22 (our estimate: Rs 2,934 Cr), flat YoY</li><li>We maintain our HOLD rating on the stock with a revised TP of Rs 2,800/share (Rs 2,850 earlier), resulting in an upside of 9% from the current levels.</li></ul><div class="content-highlight"><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></div>

Eicher Motors Ltd (Eicher) Q3FY22 performance was marginally below our estimatesEicher reported standalone net revenues of Rs 2,838 Cr in Q3FY22 (our estimate: Rs 2,934 Cr), flat YoYWe maintain our HOLD rating on the stock with a revised TP of Rs 2,800/share (Rs 2,850 earlier), resulting in an upside of 9% from the current levels.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.

Eicher Motors: Weak Quarter; Gradual Improvement in Supply Chain