The report says companies within the coverage are anticipated to post a collective revenue growth of 8.5 per cent year-on-year (YoY) and 3.1 per cent quarter-on-quarter (QoQ) for the second quarter of FY25.
This growth is anticipated to be driven by double-digit volume increases in two-wheelers (2Ws) and low to mid-single-digit growth in passenger vehicles (PVs) and tractors. This growth will be partially offset by a year-on-year decline in commercial vehicle (CV) volumes.
The recent increase in Chinese steel prices may give some relief to Indian steel makers. A report by Axis Securities highlights that Chinese hot-rolled coil (HRC) steel prices have gone up in September 2024, giving an edge to Indian steel companies.
India's road awarding projects are set to gain strong momentum in FY25, with a significant increase expected in the number of projects being awarded, highlighted a report by Axis Securities.
The cement demand in September remained below the market expectations due to heavy monsoons and region-specific challenges which impacted both trade and non-trade demand, highlighted a report by Axis securities.
Government subsidies and declining battery prices are making electric vehicles (EVs) more accessible even though they still have higher upfront costs than conventional internal combustion engine (ICE) vehicles, Axis Securities said in an analysis.
This growth, with a compound annual growth rate (CAGR) of 23 per cent from 2024 to 2033, reflects the increasing global demand for sustainable mobility solutions.
India's hospitality industry is projected to grow at a Compound annual growth rate (CAGR) of 10.5 per cent over the next three years, Axis Securities said in its latest sectoral report.
The report points to a clear divergence between the premium and value segments within the retail market. While the premium segment has managed to sustain its growth momentum, the value segment has shown only a modest recovery, with results varying across different companies.
Despite facing headwinds such as severe heatwaves in the northern region, heightened competitive intensity, and the impact of the upcoming general elections, most FMCG companies managed to post mid to high single-digit revenue growth.
The credit growth in the Indian banks will continue to be more than the deposit growth, a report by the 'Axis Securities' has said while also noting that bank deposit growth will pick up in the coming quarters.
Former Rajya Sabha MP Subramanian Swamy on Thursday moved the Delhi High Court seeking direction to form a Committee consisting of experts to investigate alleged fraudulent acts of M/s Max Life Insurance Co. Ltd and M/s Max Financial Services Ltd in allowing their shareholder/Axis Bank Ltd