External broker reports(aggregated public sources), ICICI Securities Ltd

ICICI Securities Limited

ICICI Securities Limited provides investment services. The Company provides corporate and investment banking, securities, wealth management, retail brokerage, initial public offerings, and advisory services. 

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External broker reports(aggregated public sources)

ICICI Securities Ltd

ICICI Securities Limited provides investment services. The Company provides corporate and investment banking, securities, wealth management, retail brokerage, initial public offerings, and advisory services. 

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>ICICI Securities research report onBalkrishna Industries India OHT exports in Jan’24, at USD 151mn, were higher by 13% YoY as against USD 139mn average monthly exports in CY23.</li><li>This was driven by strong growth in EU/US agri segment, with overall agri segment exports being up ~17% YoY vs. OTR exports being up 6%.</li><li>In US, base turned favourable from Jan’24 as expected in both agri/OTR segments, leading to YoY growth of 32%/23%; in comparison, EU saw growth of 23%/5% with the effects of a favourable base already kicking in a quarter back.</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>

ICICI Securities research report onBalkrishna Industries India OHT exports in Jan’24, at USD 151mn, were higher by 13% YoY as against USD 139mn average monthly exports in CY23.This was driven by strong growth in EU/US agri segment, with overall agri segment exports being up ~17% YoY vs. OTR exports being up 6%.In US, base turned favourable from Jan’24 as expected in both agri/OTR segments, leading to YoY growth of 32%/23%; in comparison, EU saw growth of 23%/5% with the effects of a favourable base already kicking in a quarter back.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.

Balkrishna Industries - Base Finally Favourable to Drive 10%-Plus Growth