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>Steel Strips Wheels Ltd (SSWL) reported a mixed set of numbers for Q1FY24.</li><li>Revenue stood at Rs 1,044 Cr (up 3%/4% YoY/QoQ), a slight 2% beat on estimates, which was mainly led by higher overall volumes (partially offset by lower ASP due to softening in commodity prices).</li><li>SSWL reported EBITDA of Rs 113 Cr (up 3%/4% YoY/QoQ), which stood in line with our estimates (despite a higher topline).</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>

Steel Strips Wheels Ltd (SSWL) reported a mixed set of numbers for Q1FY24.Revenue stood at Rs 1,044 Cr (up 3%/4% YoY/QoQ), a slight 2% beat on estimates, which was mainly led by higher overall volumes (partially offset by lower ASP due to softening in commodity prices).SSWL reported EBITDA of Rs 113 Cr (up 3%/4% YoY/QoQ), which stood in line with our estimates (despite a higher topline).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.

Steel Strip Wheels Ltd - Alloy Wheels Segment and Exports to Drive Growth