External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

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External broker reports(aggregated public sources)

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund 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>Maruti Suzuki's Q2FY24 PAT at INR 37.2bn came in ahead of our estimates of INR 30.3bn, led by better-than-expected margins.</li><li>While we were expecting margin improvement led by a richer mix, the extent of margin improvement has come in as a surprise and management did clarify that there are no one-offs in the quarter which has aided this.</li><li>On the back of its aggressive launch spree over the last few quarters, MSIL has now gained 900bps+ market share in UVs to 25.8% in H1 and is once again the market leader in the UV segment. </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>

Maruti Suzuki's Q2FY24 PAT at INR 37.2bn came in ahead of our estimates of INR 30.3bn, led by better-than-expected margins.While we were expecting margin improvement led by a richer mix, the extent of margin improvement has come in as a surprise and management did clarify that there are no one-offs in the quarter which has aided this.On the back of its aggressive launch spree over the last few quarters, MSIL has now gained 900bps+ market share in UVs to 25.8% in H1 and is once again the market leader in the UV segment. 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.

Maruti Suzuki India

Maruti Suzuki - Stellar Performance