Top Sector Ideas - Auto and Auto Ancillaries - Q2FY24 Review
The companies under our coverage reported Revenue/EBITDA/PAT growth of 16%/49%/56% YoY against expectations of 17%/41%/50%.
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Axis Research Scorecard Report for Oct 2023
Our POW calls delivered an excellent Monthly strike rate of 84% in Oct’23. Calls that successfully achieved their target were Nestle India (~10%),...
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Axis Top Picks - ‘Growth at a Reasonable Price’ – an Overarching Theme - Nov 2023
We are proud to share that our Axis Top Picks basket delivered impressive returns of 25% in the last one year, beating the benchmark Nifty 50 index
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Maruti Suzuki - Stellar Performance
Maruti Suzuki's Q2FY24 PAT at INR 37.2bn came in ahead of our estimates of INR 30.3bn, led by better-than-expected margins.
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Auto Q2FY24 Results Preview
Auto OEMs: We expect Revenue/EBITDA/PAT of Auto OEMs under our coverage to grow at 17%/41%/50% YoY in Q2FY24. This will be led by YoY growth in 1)...
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