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)

Investors Return to Tobacco Stocks After Multi-Year Decline

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>While the companys’ revenue was slight below our estimates, its margins significantly beat our estiamtes.</li><li>A strong performance was witnessed across segments and cigarettes continued its strong momentum.</li><li>Cigarettes volumes grew by ~13-14% vs. our estimates of 9%, led by market share gains from illicit trade, focused market intervention, and new product launches.</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>

While the companys’ revenue was slight below our estimates, its margins significantly beat our estiamtes.A strong performance was witnessed across segments and cigarettes continued its strong momentum.Cigarettes volumes grew by ~13-14% vs. our estimates of 9%, led by market share gains from illicit trade, focused market intervention, and new product launches.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.

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