Bajaj Auto, APL Apollo Tubes, CCL Products And More - Top Stock Picks For July By Axis Securities

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Axis Securities Report.Bajaj Auto Ltd. - Bajaj Auto seems to capitalise on demand normalisation and premiumisation trends in the two-wheeler industry which should support profitability and operational performance going forward. Moreover, we expect the company to gain further growth in exports, driven by its market leadership position, brand equity, and enhanced distribution network. APL Apollo Tubes Ltd. - The capex from internal cash accruals targeting capacity addition (Raipur plant with value added portfolio), value addition at other low margin plants and cost savings augurs well for APL Apollo in our view to maintain its return on capital employed to the north of 30% (FY22 at 34.5% versus 26.5% in FY21) across the steel cycle. CCL Products India Ltd. - We remain positive on CCL Products given-expertise in customised blends; cost-efficient business model;largest manufacturer and exporter of instant coffee;doubling of Vietnam capacity from the current 13,500 million tonne leading to volume growth visibility for the next two years. .Click on the attachment for the full list of Axis Securities' top stock picks for July 2022:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Bajaj Auto, APL Apollo Tubes, CCL Products And More - Top Stock Picks For July By Axis Securities

Bajaj Auto, APL Apollo Tubes, CCL Products And More - Top Stock Picks For July By Axis Securities

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