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>We are Initiating coverage of Jyothy Labs Ltd (JLL) with a BUY recommendation and a Target Price of Rs 440/share, which implies an upside of 20% from the CMP.</li><li>Our confidence in JLL's promising future is underpinned by the company's robust and consistent performance over the last several quarters, driven by a series of strategic initiatives it has undertaken in the recent past.</li><li>These include: a) Scaling up value offerings through Low Unit Packs (LUPs) and driving the premiumisation agenda, particularly in Detergents and Dishwash segments, b) Expanding into the larger Body Wash segment (Toilet Soap) as opposed to its earlier presence in the niche (natural) segment, thereby broadening its product portfolio, c) The management's strategic efforts to expand its direct distribution reach, targeting an increase from the current 1.1 million outlets, in tandem with enhancing on-ground execution through its strong sales force of 3,000 (a threefold increase over FY19) and streamlining the distribution channel.</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>

We are Initiating coverage of Jyothy Labs Ltd (JLL) with a BUY recommendation and a Target Price of Rs 440/share, which implies an upside of 20% from the CMP.Our confidence in JLL's promising future is underpinned by the company's robust and consistent performance over the last several quarters, driven by a series of strategic initiatives it has undertaken in the recent past.These include: a) Scaling up value offerings through Low Unit Packs (LUPs) and driving the premiumisation agenda, particularly in Detergents and Dishwash segments, b) Expanding into the larger Body Wash segment (Toilet Soap) as opposed to its earlier presence in the niche (natural) segment, thereby broadening its product portfolio, c) The management's strategic efforts to expand its direct distribution reach, targeting an increase from the current 1.1 million outlets, in tandem with enhancing on-ground execution through its strong sales force of 3,000 (a threefold increase over FY19) and streamlining the distribution channel.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.

Jyothy Labs Ltd - Embracing Transformation For Long-Term Growth

Jyothy Laboratories

Jyothy Labs Ltd - Embracing Transformation For Long-Term Growth