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>European Operation - Weak Demand Environment but Consolidation Opportunities:</li><li>The European forging market remained subdued during Q3FY26, impacted by competitive pressures from low-cost regions and the ongoing transition toward EV platforms, with CY25 sales declining 6% in Euro terms.</li><li>However, with regional vehicle production expected to remain largely stagnant at 16-17 Mn units through 2030, management anticipates accelerated consolidation among weaker suppliers, positioning the company to gain market share as one of the region's more efficient manufacturers.</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>

European Operation - Weak Demand Environment but Consolidation Opportunities:The European forging market remained subdued during Q3FY26, impacted by competitive pressures from low-cost regions and the ongoing transition toward EV platforms, with CY25 sales declining 6% in Euro terms.However, with regional vehicle production expected to remain largely stagnant at 16-17 Mn units through 2030, management anticipates accelerated consolidation among weaker suppliers, positioning the company to gain market share as one of the region's more efficient manufacturers.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.

CIE Automotive India Ltd - Operational Moderation Near Term