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>Astral posted consolidated revenue growth of 15.4% YoY.</li><li>In the Plastic segment (95% Plumbing revenue), the company reported volume growth of 30% YoY which indicates the company is gaining market share.</li><li>The company’s Gross Margins fell by 164bps YoY due to a fall in PVC prices, leading to an inventory loss of ~Rs 25 Cr.</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>

Astral posted consolidated revenue growth of 15.4% YoY.In the Plastic segment (95% Plumbing revenue), the company reported volume growth of 30% YoY which indicates the company is gaining market share.The company’s Gross Margins fell by 164bps YoY due to a fall in PVC prices, leading to an inventory loss of ~Rs 25 Cr.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.

Astral Ltd - Strong Volume Growth Led by Channel Restocking and Improved Demand