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)

Equity Bottom-Up

<p>Minda Corporation (Minda Corp) is the flagship company of the Spark Minda group and is a leading supplier of key auto components to domestic as well as global OEMs. It has a well-diversified presence across all segments including 2W, CV, PV, and Aftermarket that contributed 52%/21%/11%/16% of its FY21 sales, respectively. Geographically, India contributes ~85% of the company’s sales while the rest ~15% is contributed by the overseas markets. Its customer base comprises Indian OEMs with top marquee clients being Bajaj Auto, Ashok Leyland, TVS Motors, Suzuki Motors, and M&amp;M.</p><div class="content-highlight"><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></div>

Minda Corporation (Minda Corp) is the flagship company of the Spark Minda group and is a leading supplier of key auto components to domestic as well as global OEMs. It has a well-diversified presence across all segments including 2W, CV, PV, and Aftermarket that contributed 52%/21%/11%/16% of its FY21 sales, respectively. Geographically, India contributes ~85% of the company’s sales while the rest ~15% is contributed by the overseas markets. Its customer base comprises Indian OEMs with top marquee clients being Bajaj Auto, Ashok Leyland, TVS Motors, Suzuki Motors, and M&amp;M.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 Corp Ltd

Pick of the Week: Minda Corporation