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>Eicher reported an all-around beat vs. our Revenue/EBITDA/PAT estimates.</li><li>Revenue (up 20%/7% YoY/QoQ) beat our estimate by 6% led by higher ASPs (rose by 8% QoQ vs. our estimate of a 2.2% increase).</li><li>The impact of higher exports, price hikes on Hunter and Bullet and product mix (Meteor-650 launch) was higher than our expectations leading to a beat in ASP.</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>

Eicher reported an all-around beat vs. our Revenue/EBITDA/PAT estimates.Revenue (up 20%/7% YoY/QoQ) beat our estimate by 6% led by higher ASPs (rose by 8% QoQ vs. our estimate of a 2.2% increase).The impact of higher exports, price hikes on Hunter and Bullet and product mix (Meteor-650 launch) was higher than our expectations leading to a beat in ASP.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.

Eicher Motors - Strong Q4, Multiple Growth Levers Ahead; Maintain BUY