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

<ul><li>Hero’s 2W domestic market share declined to 31.2% in Q3FY23 (Q3FY22 was at 34.3%) as its Motorcycle market share fell to 43.3% in Q3FY23 from 47% in the last year.</li><li>The 125cc segment share fell to 14.5% from 22% in Q2FY23 and 25% in Q3FY23.</li><li>The management’s focus is on the 125cc segment and it will upgrade the variants to premium XTEC which has received good traction.</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>

Hero’s 2W domestic market share declined to 31.2% in Q3FY23 (Q3FY22 was at 34.3%) as its Motorcycle market share fell to 43.3% in Q3FY23 from 47% in the last year.The 125cc segment share fell to 14.5% from 22% in Q2FY23 and 25% in Q3FY23.The management’s focus is on the 125cc segment and it will upgrade the variants to premium XTEC which has received good traction.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.

Hero Motocorp - Inline Q3; Sustenance of Market Share to Remain Critical