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)

Equity Bottom-Up

<p>We believe is fairly valued given store revenue growth while store expansion may moderate in the near to medium term due to the pandemic-induced uncertainties and consequent lockdown restrictions. We increase our target price to Rs 3,110/share (prev - Rs 2,890/share) valuing at 40x FY24E EV/EBITDA</p><div class="content-highlight"><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></div>

We believe is fairly valued given store revenue growth while store expansion may moderate in the near to medium term due to the pandemic-induced uncertainties and consequent lockdown restrictions. We increase our target price to Rs 3,110/share (prev - Rs 2,890/share) valuing at 40x FY24E EV/EBITDAContent 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.

Avenue Supermarts Ltd

Result Update:Avenue Super.