External broker reports(aggregated public sources), Emkay Global Financial Services Limited

Emkay

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External broker reports(aggregated public sources)

Emkay Global Financial Services Limited

Emkay Global Financial Services Ltd. is a leader in the financial services sector, actively creating wealth for our clients for over two decades. 

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>TVSL reported a healthy operational performance (revenue up 10% YoY; margins up by 20bps QoQ to 11.9%, a fresh high).</li><li>TVSL expects the robust momentum in the domestic 2W industry to continue, led by rural green shoots, with exports also seeing sustained recovery; this would be accompanied by TVSL outperforming, led by product actions (like the recently launched Jupiter 110cc scooter, E-2W iQube portfolio, recently introduced a E-3W).</li><li>The mgmt highlighted further headroom for margin improvement, driven by operating leverage, premiumization, and cost efforts.</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>

TVSL reported a healthy operational performance (revenue up 10% YoY; margins up by 20bps QoQ to 11.9%, a fresh high).TVSL expects the robust momentum in the domestic 2W industry to continue, led by rural green shoots, with exports also seeing sustained recovery; this would be accompanied by TVSL outperforming, led by product actions (like the recently launched Jupiter 110cc scooter, E-2W iQube portfolio, recently introduced a E-3W).The mgmt highlighted further headroom for margin improvement, driven by operating leverage, premiumization, and cost efforts.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.

TVS Motor - Healthy Q3; Poised to Outperform in 2Ws