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)

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>Minda Corp. results slightly missed our estimates.</li><li>Revenue grew by 13% YoY (flat QoQ, 7% miss) beating the auto industry growth which grew by 1.7% YoY.</li><li>The company continued its outperformance against the industry, driven by the addition of new customers and products, and premiumization across products, leading to an increase in kit value.</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>

Minda Corp. results slightly missed our estimates.Revenue grew by 13% YoY (flat QoQ, 7% miss) beating the auto industry growth which grew by 1.7% YoY.The company continued its outperformance against the industry, driven by the addition of new customers and products, and premiumization across products, leading to an increase in kit value.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.

Minda Corporation Ltd - Riding on the Premiumisation Wave; Maintain Buy

Minda Corp Ltd

Minda Corporation Ltd - Riding on the Premiumisation Wave; Maintain Buy