External broker reports(aggregated public sources), Axis Direct

Axis Direct

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.

Thematic (Sector/Industry)

<ul><li>Axis Top Picks: We are proud to share that our Axis Top Picks basket delivered impressive returns of 47% over the last one year, beating the benchmark Nifty 50 index (25.1% return over the same period) by a wide margin.</li><li>A few picks that reported excellent returns included Cholamandalam Investment &amp; Finance Company (14.7%), Varun Beverages (14.2%), J.Kumar Infraprojects (9.9%), Federal Bank (9.4%) and TVS Motor Company (8.5%). </li><li>Pick of the Week (PoW): POW calls delivered an astounding monthly strike rate of 85% in Jun’24.</li></ul>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.

Axis Top Picks: We are proud to share that our Axis Top Picks basket delivered impressive returns of 47% over the last one year, beating the benchmark Nifty 50 index (25.1% return over the same period) by a wide margin.A few picks that reported excellent returns included Cholamandalam Investment &amp; Finance Company (14.7%), Varun Beverages (14.2%), J.Kumar Infraprojects (9.9%), Federal Bank (9.4%) and TVS Motor Company (8.5%). Pick of the Week (PoW): POW calls delivered an astounding monthly strike rate of 85% in Jun’24.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.

Axis Research Scorecard Report for June 2024

<ul><li>Jun’24 Wholesale Volumes: The domestic PV sales (Exhibit-2) grew by 5% YoY (down 3% MoM), largely led by strong domestic SUV volumes across Original Equipment Manufacturers (OEMs) , which were partly offset by weakness in entry-level cars.</li><li>The domestic 2W industry (excl HMSI) witnessed volume growth of ~11% YoY (down 3% MoM) led by rural recovery; however exports declined 4% YoY (down 9% MoM) respectively.</li><li>The domestic CV industry sales degrew by ~4% YoY (up 6% MoM) mainly due to lower LCV and MHCV goods carrier volumes being partly set off by high industry volume for buses. </li></ul>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.

Jun’24 Wholesale Volumes: The domestic PV sales (Exhibit-2) grew by 5% YoY (down 3% MoM), largely led by strong domestic SUV volumes across Original Equipment Manufacturers (OEMs) , which were partly offset by weakness in entry-level cars.The domestic 2W industry (excl HMSI) witnessed volume growth of ~11% YoY (down 3% MoM) led by rural recovery; however exports declined 4% YoY (down 9% MoM) respectively.The domestic CV industry sales degrew by ~4% YoY (up 6% MoM) mainly due to lower LCV and MHCV goods carrier volumes being partly set off by high industry volume for buses. 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.

Equity Bottom-Up

IDFC First Bank Limited / Equity Bottom-Up

IDFC First Bank Limited provides a full range of commercial banking services for retail and institutional customers. The Bank offers fixed deposits, debit cards, savings account, cash management, and other services. IDFC Bank serves its customers in India.

<ul><li>The erstwhile IDFC Bank started its operation in Oct’15 as a bank after its demerger from IDFC Ltd.</li><li>In its efforts to diversify the portfolio from infrastructure, IDFC Bank announced merger with a NBFC - Capital First in 2018, paving way for a new entity IDFC First Bank (IDFCFB)m.</li><li>Currently, the bank operates out of 944 branches and 1164 ATMs across the country. </li></ul>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.

The erstwhile IDFC Bank started its operation in Oct’15 as a bank after its demerger from IDFC Ltd.In its efforts to diversify the portfolio from infrastructure, IDFC Bank announced merger with a NBFC - Capital First in 2018, paving way for a new entity IDFC First Bank (IDFCFB)m.Currently, the bank operates out of 944 branches and 1164 ATMs across the country. 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: IDFC First Bank Ltd. - 01 JULY 2024

<ul><li>The Axis Top Picks Basket delivered an excellent return of 11.8% in the last three months against the 7.5% return posted by Nifty 50 over the same period.</li><li>This implies that the Axis Top Picks Basket beat the benchmark by a wide margin of 4.3%.</li><li>Moreover, the basket inched up by 5.8% in the last one month.</li></ul>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.

The Axis Top Picks Basket delivered an excellent return of 11.8% in the last three months against the 7.5% return posted by Nifty 50 over the same period.This implies that the Axis Top Picks Basket beat the benchmark by a wide margin of 4.3%.Moreover, the basket inched up by 5.8% in the last one month.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.

Axis Top Picks for the month of July 2024

J. Kumar Infraprojects Limited operates as a civil engineering and infrastructure development company. The Company focuses on the development of roads, flyovers, bridges, railway buildings, sports complexes and airport runways. J. Kumar also undertakes foundation work using hydraulic piling for major projects.

<ul><li>Robust order book to drive revenue growth: As of 31 st Mar’24, the company’s order book stood at Rs 21,011 Cr, including L1 of Rs 4,700 Cr (Virar Alibaug Multi-Modal Corridor &amp; Hari Nagar building).</li><li>Total order book now stands at Rs 25,711 Cr which is 5x FY24 revenue. The company received an order inflow of Rs 11,810 Cr (excluding GST) during FY24.</li><li>A healthy and robust order book gives revenue visibility for the next 3-4 years. We expect the company to report a revenue CAGR of 18% over FY24-FY26E.</li></ul>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.

Robust order book to drive revenue growth: As of 31 st Mar’24, the company’s order book stood at Rs 21,011 Cr, including L1 of Rs 4,700 Cr (Virar Alibaug Multi-Modal Corridor &amp; Hari Nagar building).Total order book now stands at Rs 25,711 Cr which is 5x FY24 revenue. The company received an order inflow of Rs 11,810 Cr (excluding GST) during FY24.A healthy and robust order book gives revenue visibility for the next 3-4 years. We expect the company to report a revenue CAGR of 18% over FY24-FY26E.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.

J Kumar Infraprojects Ltd - Company Update Post Management Meeting

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.

Axis Direct
External broker reports(aggregated public sources)
• Axis Direct

Axis Research Scorecard Report for June 2024

We are proud to share that our Axis Top Picks basket delivered impressive returns of 47% over the last one year, beating the benchmark Nifty 50...

Axis Direct

Auto Monthly Volume - June 2024

The domestic PV sales (Exhibit-2) grew by 5% YoY (down 3% MoM), largely led by strong domestic SUV volumes across Original Equipment Manufacturers...

Axis Direct

Pick of the Week: IDFC First Bank Ltd. - 01 JULY 2024

The Bank has launched and scaled up several products across all segments, like retail, commercial and wholesale banking, rural products as well as...

Axis Direct

Axis Top Picks for the month of July 2024

The Axis Top Picks Basket delivered an excellent return of 11.8% in the last three months against the 7.5% return posted by Nifty 50 over the same...

Axis Direct

J Kumar Infraprojects Ltd - Company Update Post Management Meeting

A healthy and robust order book gives revenue visibility for the next 3-4 years. We expect the company to report a revenue CAGR of 18% over FY24...

Axis Direct