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>Bajaj reported a good set of results, largely in line with our estimates.</li><li>Revenue stood marginally below our estimate by 1.2% at Rs 12,114 Cr, up 30%/12.4% YoY/QoQ led by higher sales volume (up 22%/14% YoY/QoQ).</li><li>ASP (1.5% miss) grew by 7% YoY, down 1.3% QoQ. YoY growth in the ASP was led by product premiumisation and ramp-up in EV sales. </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>

Bajaj reported a good set of results, largely in line with our estimates.Revenue stood marginally below our estimate by 1.2% at Rs 12,114 Cr, up 30%/12.4% YoY/QoQ led by higher sales volume (up 22%/14% YoY/QoQ).ASP (1.5% miss) grew by 7% YoY, down 1.3% QoQ. YoY growth in the ASP was led by product premiumisation and ramp-up in EV sales. 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.

Bajaj Auto - Another Robust Quarter; Rich Valuation Factors in Positives

Bajaj Auto Ltd

Bajaj Auto - Another Robust Quarter; Rich Valuation Factors in Positives