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>Subdued demand: Demand conditions remained weak, with urban growth continuing to remain weak while rural continue to recover.</li><li>Sales grew by 2% (volume flat), led by a price hike. The increased salience of smaller SKUs and the higher salience of premium products impact the overall volume growth.</li><li>Prices of key raw materials such as palm oil and tea remained elevated, leading to a decline in gross margins. </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>

Subdued demand: Demand conditions remained weak, with urban growth continuing to remain weak while rural continue to recover.Sales grew by 2% (volume flat), led by a price hike. The increased salience of smaller SKUs and the higher salience of premium products impact the overall volume growth.Prices of key raw materials such as palm oil and tea remained elevated, leading to a decline in gross margins. 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.

Hindustan Unilever Ltd - Moderation in Consumption Trend to Continue