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>Higher inflation and increase in prices of essential goods have been impacting overall consumption in rural and smaller towns.</li><li>However, the demand environment is expected to normalize in Tier 2-3 towns (which are V-Mart’s key markets) on account of moderating inflation, rural revival, government spending ahead of the election year, and high remittances.</li><li>This, in turn, is expected to result in footfall recovery in FY24. Keeping this in view, we expect traction in the value retailers such as V-Mart to report healthy performance going ahead.</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>

Higher inflation and increase in prices of essential goods have been impacting overall consumption in rural and smaller towns.However, the demand environment is expected to normalize in Tier 2-3 towns (which are V-Mart’s key markets) on account of moderating inflation, rural revival, government spending ahead of the election year, and high remittances.This, in turn, is expected to result in footfall recovery in FY24. Keeping this in view, we expect traction in the value retailers such as V-Mart to report healthy performance going ahead.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.

Pick of the Week:15 May 2023 - V-Mart Retail Ltd