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>In Europe, OEMs are replenishing stocks but future demand sentiments are weak on account of high inflation.</li><li>Nonetheless, the management sounded confident about improving EBITDA margins in FY24 YoY led by easing energy costs.</li><li>In India, the 2W demand momentum is expected to continue and the company is securing orders in plants which were underutilized so far.</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>

In Europe, OEMs are replenishing stocks but future demand sentiments are weak on account of high inflation.Nonetheless, the management sounded confident about improving EBITDA margins in FY24 YoY led by easing energy costs.In India, the 2W demand momentum is expected to continue and the company is securing orders in plants which were underutilized so far.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 - Strong Q4 & Headwinds Subsiding; Upgrade to BUY