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. 

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.

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>Company Growth Outlook: Ashok Leyland is advancing toward its medium-term targets, including mid-teen EBITDA margins, 35% MHCV market share, non-MHCV business expansion, alternate fuel leadership, and value unlocking from subsidiaries.</li><li>The company is seeing growth in tippers, multi-axle products, and has a strong order book for electric vehicles under Switch.</li><li>Non-CV businesses such as engines and spare parts have seen 3.5%/14% YoY growth, respectively.</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>

Company Growth Outlook: Ashok Leyland is advancing toward its medium-term targets, including mid-teen EBITDA margins, 35% MHCV market share, non-MHCV business expansion, alternate fuel leadership, and value unlocking from subsidiaries.The company is seeing growth in tippers, multi-axle products, and has a strong order book for electric vehicles under Switch.Non-CV businesses such as engines and spare parts have seen 3.5%/14% YoY growth, respectively.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.

Ashok Leyland Ltd - Results Beat Estimates; Product Diversification to Improve Margins Further