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

Endurance Technologies Ltd / Equity Bottom-Up

<ul><li>Weakness in European Market and Domestic 2W demand in FY24E: As per the management, although supply-side constraints have been resolved, given the record high inflation and rising interest rates, demand remains weak in the European region.</li><li>In Q3FY23, the Indian operational capacity laymostly underutilised as the last 30 to 45 days of the quarters witnessed weak demand.</li><li>Going ahead, the management is focusing on getting new businesses from various OEMs and thereby improving the capacity utilization rate.</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>

Weakness in European Market and Domestic 2W demand in FY24E: As per the management, although supply-side constraints have been resolved, given the record high inflation and rising interest rates, demand remains weak in the European region.In Q3FY23, the Indian operational capacity laymostly underutilised as the last 30 to 45 days of the quarters witnessed weak demand.Going ahead, the management is focusing on getting new businesses from various OEMs and thereby improving the capacity utilization rate.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.

Endurance Technologies Ltd - Demand Outlook Sluggish; Downgrade to HOLD