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

Escorts Kubota Limited / Equity Bottom-Up

<ul><li>Domestic Tractor Business: Q1FY26 domestic tractor industry volumes grew 9.2% YoY to 2.86 Lc units, led by a 19.3% rise in the south and west; EKL’s stronghold markets in the north and central grew a modest 0.5%.</li><li>EKL’s domestic tractor volumes declined 1.9% YoY to 28,848 units, impacted by geographic mismatch and inventory normalisation.</li><li>Market share declined to ~8.7% (vs ~9.4% YoY); management attributes this to an industry swing and expects partial normalisation from Q3FY26.</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>

Domestic Tractor Business: Q1FY26 domestic tractor industry volumes grew 9.2% YoY to 2.86 Lc units, led by a 19.3% rise in the south and west; EKL’s stronghold markets in the north and central grew a modest 0.5%.EKL’s domestic tractor volumes declined 1.9% YoY to 28,848 units, impacted by geographic mismatch and inventory normalisation.Market share declined to ~8.7% (vs ~9.4% YoY); management attributes this to an industry swing and expects partial normalisation from Q3FY26.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.

Escorts Kubota Ltd - Structural Levers in Place; Near-Term Upside Capped