External broker reports(aggregated public sources), Axis Direct

Axis Direct

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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

Escorts Kubota Limited / Equity Bottom-Up

<ul><li>The growth trend in the domestic tractor industry is likely to continue in Q4FY23 and industry volumes are likely to cross peak volumes of 9 Lc tractors in the fiscal.</li><li>Sales to Kubota's global network are also gradually increasing and in Q3FY23 it contributed more than 35% of the total export volumes.</li><li>As per the management, the company has been steadily regaining its lost market share from 9.1% in Q1FY23 to 9.7% in Q2 and to 10.6% in Q3 (10.4% in Q3FY22).</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 growth trend in the domestic tractor industry is likely to continue in Q4FY23 and industry volumes are likely to cross peak volumes of 9 Lc tractors in the fiscal.Sales to Kubota's global network are also gradually increasing and in Q3FY23 it contributed more than 35% of the total export volumes.As per the management, the company has been steadily regaining its lost market share from 9.1% in Q1FY23 to 9.7% in Q2 and to 10.6% in Q3 (10.4% in Q3FY22).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.

Escorts Kubota Ltd - Growth Outlook Intact; Maintain BUY