External broker reports(aggregated public sources), Axis Direct

Axis Direct

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

Maruti Suzuki India Limited manufactures and exports automobiles. Maruti collaborated with Suzuki of Japan to produce affordable cars for the average Indian.

<ul><li>Management reiterated its long-term strategic focus on achieving a 50% domestic market share, underscoring that customer-centricity remains the cornerstone of sustained success.</li><li>In alignment with Suzuki Motor Corporation’s global aspiration, Maruti Suzuki continues to adhere to a profitability guardrail of maintaining a 10% EBIT margin alongside its market share objective.</li><li>The launch of the Victorius strengthened the company's position in the high-growth SUV segment, garnering over 30,000 bookings shortly after launch.</li></ul>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.

Management reiterated its long-term strategic focus on achieving a 50% domestic market share, underscoring that customer-centricity remains the cornerstone of sustained success.In alignment with Suzuki Motor Corporation’s global aspiration, Maruti Suzuki continues to adhere to a profitability guardrail of maintaining a 10% EBIT margin alongside its market share objective.The launch of the Victorius strengthened the company's position in the high-growth SUV segment, garnering over 30,000 bookings shortly after launch.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.

Pick of the Week: Maruti Suzuki India Ltd - 13th December, 2025

Tata Steel Ltd. is an integrated steel producer which manufactures a variety of steel products. The Company's products include steel ball bearing rings, alloy steel bearing rings, annular forgings, flanges, bearings, welded steel tubes, cold rolled strips and seamless tubes. Tata Steel also manufactures metallurgical machinery.

<ul><li>NINL Expansion (Core Upstream Growth in Long Products): Management received in-principle Board approval to proceed with detailed engineering for the 4.8 MTPA expansion at Neelachal Ispat Nigam Ltd (NINL), with final capex numbers to be disclosed by Mar’26 after full engineering validation.</li><li>Environmental clearance is expected within 3-4 weeks, and execution will take 3 to 4 years post-final approval.</li><li>The configuration is fully long-products oriented: Two rebar mills (~1 MTPA each), one rebar coil mill (~0.5 MTPA), and a high-end wire rod mill. </li></ul>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.

NINL Expansion (Core Upstream Growth in Long Products): Management received in-principle Board approval to proceed with detailed engineering for the 4.8 MTPA expansion at Neelachal Ispat Nigam Ltd (NINL), with final capex numbers to be disclosed by Mar’26 after full engineering validation.Environmental clearance is expected within 3-4 weeks, and execution will take 3 to 4 years post-final approval.The configuration is fully long-products oriented: Two rebar mills (~1 MTPA each), one rebar coil mill (~0.5 MTPA), and a high-end wire rod mill. 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.

Company Update: Tata Steel Ltd - 12 Th December, 2025

Coforge Limited provides information technology services. The Company serves customers in India.

<ul><li>Coforge’s management hosted an investor and analyst meet where the CEO &amp; Executive Director, Mr Sudhir Singh, and his management team presented business progress and medium to long-term priorities.</li><li>The company highlighted its competitive positioning, strategic focus area, operational improvements, and market presence.</li><li>The event’s central theme focused on partnerships, core AI integration through its platforms, emerging revenue verticals, and an increasing footprint in untapped regions. </li></ul>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.

Coforge’s management hosted an investor and analyst meet where the CEO &amp; Executive Director, Mr Sudhir Singh, and his management team presented business progress and medium to long-term priorities.The company highlighted its competitive positioning, strategic focus area, operational improvements, and market presence.The event’s central theme focused on partnerships, core AI integration through its platforms, emerging revenue verticals, and an increasing footprint in untapped regions. 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.

Company Update: Coforge Ltd - 9 Th December, 2025

Welspun Corporation Ltd. is a one-stop service provider offering pipe solutions with a capability to manufacture line pipes, along with specialized coating, double jointing and bending. Welspun supplies pipe to most of the Fortune 100 Oil & Gas companies.

<ul><li>Robust Order Book Providing Revenue Visibility: WCL’s consolidated order book stands at a record high of ~Rs 23,500 Cr (as of Oct’25), offering clear revenue visibility for the next two years at US and for at least 1 year at ex-US operations.</li><li>The line pipe order book of ~1.3 mt is evenly distributed between India and the US (~600 kt each), while the Ductile Iron (DI) pipe order book stands at ~355 kt.</li><li>The US order book includes recent wins of ~$715 Mn, securing mill bookings until FY28, while the India order book is supported by strong export demand and upcoming water infrastructure projects.</li></ul>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.

Robust Order Book Providing Revenue Visibility: WCL’s consolidated order book stands at a record high of ~Rs 23,500 Cr (as of Oct’25), offering clear revenue visibility for the next two years at US and for at least 1 year at ex-US operations.The line pipe order book of ~1.3 mt is evenly distributed between India and the US (~600 kt each), while the Ductile Iron (DI) pipe order book stands at ~355 kt.The US order book includes recent wins of ~$715 Mn, securing mill bookings until FY28, while the India order book is supported by strong export demand and upcoming water infrastructure projects.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.

Axis Punch: Welspun Corp - 9 Th December, 2025

Tata Consultancy Services, a division of Tata Sons Limited, is a global IT services organization that provides a comprehensive range of IT services to its clients in diverse industries. The Company, caters to finance and banking, insurance, telecommunication, transportation, retail, manufacturing, pharmaceutical, and utility industries.

<ul><li>TCS is a global leader in IT services, consulting, and digital transformation.</li><li>The services offered by the company include IT solutions and services, infrastructure services, global consulting, engineering and industrial services, and IT-enabled services.</li><li>It has a widespread geographical presence, including the US, continental Europe, the UK, India, Asia Pacific and the Middle East</li></ul>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.

TCS is a global leader in IT services, consulting, and digital transformation.The services offered by the company include IT solutions and services, infrastructure services, global consulting, engineering and industrial services, and IT-enabled services.It has a widespread geographical presence, including the US, continental Europe, the UK, India, Asia Pacific and the Middle EastContent 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.

Pick of the Week: Tata Consultancy Services Ltd - 06th December, 2025

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.

Axis Direct
External broker reports(aggregated public sources)
• Axis Direct

Pick of the Week: Maruti Suzuki India Ltd - 13th December, 2025

Management reiterated its long-term strategic focus on achieving a 50% domestic market share, underscoring that customer-centricity remains the...

Axis Direct

Company Update: Tata Steel Ltd - 12 Th December, 2025

Management received in-principle Board approval to proceed with detailed engineering for the 4.8 MTPA expansion at Neelachal Ispat Nigam Ltd (NINL)...

Axis Direct

Company Update: Coforge Ltd - 9 Th December, 2025

The company highlighted its competitive positioning, strategic focus area, operational improvements, and market presence. The event’s central theme...

Axis Direct

Axis Punch: Welspun Corp - 9 Th December, 2025

WCL’s consolidated order book stands at a record high of ~Rs 23,500 Cr (as of Oct’25), offering clear revenue visibility for the next two years at...

Axis Direct

Pick of the Week: Tata Consultancy Services Ltd - 06th December, 2025

The services offered by the company include IT solutions and services, infrastructure services, global consulting, engineering and industrial...

Axis Direct