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>Tariff Hike by Jio and Bharti Airtel: Jio and Bharti Airtel (Bharti) will be benefitted from tariff hikes and customer gains however we expect private telcom companies to report QoQ decline in their subscriber base.</li><li>However, the loss is likely to be more at the lower end, i.e., the non-data subs of Airtel/VIL/Hexacom and entry-level subs of Jio (non-JioPhone; Jio has kept JioBharat tariffs unchanged) choosing to shift to BSNL.</li><li>We still expect Bharti/Hexacom to report QoQ increase in 4G subsbase and Jio to see a decline, as its entire base is 4G. </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>

Tariff Hike by Jio and Bharti Airtel: Jio and Bharti Airtel (Bharti) will be benefitted from tariff hikes and customer gains however we expect private telcom companies to report QoQ decline in their subscriber base.However, the loss is likely to be more at the lower end, i.e., the non-data subs of Airtel/VIL/Hexacom and entry-level subs of Jio (non-JioPhone; Jio has kept JioBharat tariffs unchanged) choosing to shift to BSNL.We still expect Bharti/Hexacom to report QoQ increase in 4G subsbase and Jio to see a decline, as its entire base is 4G. 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.

Bharti Airtel

Q2FY25 Earnings Preview - Telecom