Auto Q4fy23 Preview - Improved Product Mix, Moderation in Rm Costs to Drive Margin Growth
EBITDA margins are expected to expand both YoY/QoQ due to a richer product mix, absorption of price hikes, and marginally lower RM costs.
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Axis Research Scorecard Report - Mar 23
Axis Alpha reported a dream monthly strike rate of 100% in Mar’23. It continued to deliver robust returns with absolute profits of over 5.53 Lc...
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Automotive Industry - Mar’23 Wholesale Dispatches Continue to Grow YoY
The Domestic PV industry sales grew by ~6% YoY (flat MoM) to fulfill the order backlogs, especially in the SUV segment as the production...
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Top Picks - Apr 2023
Axis Top Picks basket outperformed the benchmark by a significant margin with its impressive return of 9.7% in FY23 as against the 0.6% decline...
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Mahindra & Mahindra (MM IN) | Cracks Widening
Mahindra & Mahindra faces SUV competition, declining sales for Scorpio, XUV300, XUV700. High-end focus risks confusion, loss of market share.
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