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>Minda’s Q1FY26 outperformance against an auto industry growing just ~2% was driven by: (1) higher per-vehicle kit value from premiumization—TFT digital clusters, upgraded wiring harnesses, and cockpit electronics—which improved mix and margins;</li><li>(2) ramp-up of new product SOPs and OEM program launches that generated incremental revenues independent of end-market volumes;</li><li>(3) market-share gains in the Wiring Harness division with leading 2W OEMs across regions, along with new wins in EV 2W/3W and a recovery in the CV segment</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>

Minda’s Q1FY26 outperformance against an auto industry growing just ~2% was driven by: (1) higher per-vehicle kit value from premiumization—TFT digital clusters, upgraded wiring harnesses, and cockpit electronics—which improved mix and margins;(2) ramp-up of new product SOPs and OEM program launches that generated incremental revenues independent of end-market volumes;(3) market-share gains in the Wiring Harness division with leading 2W OEMs across regions, along with new wins in EV 2W/3W and a recovery in the CV segmentContent 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.

Minda Corporation Ltd - Revenue & EBITDA Beat Estimates; Upgrade to BUY

Minda Corp Ltd

Minda Corporation Ltd - Revenue & EBITDA Beat Estimates; Upgrade to BUY