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>With the introduction of new products, premiumization trends (higher kit value) and continuous capacity building to meet industry demand, UNO Minda has been outpacing the industry growth in both 2W/4W segments.</li><li>We like UNO Minda as a play on Auto, especially with a strong EV product portfolio, robust order book and capacity expansion projects, the benefits of which are expected in FY25 and beyond.</li><li>We now forecast Revenue/EBITDA/ PAT CAGR of 15%/16%/18% over FY23-26E.</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>

With the introduction of new products, premiumization trends (higher kit value) and continuous capacity building to meet industry demand, UNO Minda has been outpacing the industry growth in both 2W/4W segments.We like UNO Minda as a play on Auto, especially with a strong EV product portfolio, robust order book and capacity expansion projects, the benefits of which are expected in FY25 and beyond.We now forecast Revenue/EBITDA/ PAT CAGR of 15%/16%/18% over FY23-26E.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.

Uno Minda - Estimates Largely Inline; Valuations Full at CMP