External broker reports(aggregated public sources), ICICI Securities Ltd

ICICI Securities Limited

External broker reports(aggregated public sources)

ICICI Securities Ltd

ICICI Securities Limited provides investment services. The Company provides corporate and investment banking, securities, wealth management, retail brokerage, initial public offerings, and advisory services. 

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>Axis Bank is the third largest private sector bank in India with a balance sheet size of Rs 11.1 lakh crore as on December 2021</li><li>The bank has a large footprint across India with 4700 branches</li><li>Target Price and Valuation: We value Axis Bank at ~2.1x FY24E ABV and maintain our target price at Rs 970</li></ul><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>

Axis Bank is the third largest private sector bank in India with a balance sheet size of Rs 11.1 lakh crore as on December 2021The bank has a large footprint across India with 4700 branchesTarget Price and Valuation: We value Axis Bank at ~2.1x FY24E ABV and maintain our target price at Rs 970Content 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 Bank: Strong Growth Momentum, Outlook Bright

External broker reports(aggregated public sources), Motilal Oswal Financial Services Limited

Motilal Oswal

Motilal Oswal Financial Services Limited

Motilal Oswal Financial Services Limited is an Indian diversified financial services firm offering a range of financial products and services. 

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.

<ul><li>Loan growth accelerates; asset quality remains robust. AXSB delivered a strong operational performance, with net profit up 224% YoY</li><li>Growth steady across business segments; asset quality strengthens further</li><li>PAT grew 224% YoY and 15% QoQ to INR36.14b in 3QFY22, aided by steady revenue growth and controlled provisions</li></ul><div class="content-highlight"><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></div>

Loan growth accelerates; asset quality remains robust. AXSB delivered a strong operational performance, with net profit up 224% YoYGrowth steady across business segments; asset quality strengthens furtherPAT grew 224% YoY and 15% QoQ to INR36.14b in 3QFY22, aided by steady revenue growth and controlled provisionsContent 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.

<p>About the stock: Axis Bank is the third largest private sector bank in India with a balance sheet size of | 9.8 lakh crore as on June 2021.</p><ul><li>The bank has a large footprint across India with 4600 branches</li><li>Retail and SME comprise ~64% of total loans</li></ul><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>

About the stock: Axis Bank is the third largest private sector bank in India with a balance sheet size of | 9.8 lakh crore as on June 2021.The bank has a large footprint across India with 4600 branchesRetail and SME comprise ~64% of total loansContent 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 Bank: Healthy Revival to Aid Improvement in Return Ratios

External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

<p>HSIE Results Daily Kotak Mahindra Bank: Kotak Mahindra Banks (KMB) 1QFY22 performance was broadly in line with our estimates on the back of continued funding cost tailwinds resulting in sequentially stronger NIMs even as loans shrank 2.8% QoQ. Annualised slippages were up at 2.8% (FY21: 2.4%) as collections were affected during Apr-May21 on account of the second wave (as witnessed by peers), with most of the stress emerging from secured retail portfolio. KMB maintained its stock of COVID provisions and the loan loss coverage at ~65%.</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>

HSIE Results Daily Kotak Mahindra Bank: Kotak Mahindra Banks (KMB) 1QFY22 performance was broadly in line with our estimates on the back of continued funding cost tailwinds resulting in sequentially stronger NIMs even as loans shrank 2.8% QoQ. Annualised slippages were up at 2.8% (FY21: 2.4%) as collections were affected during Apr-May21 on account of the second wave (as witnessed by peers), with most of the stress emerging from secured retail portfolio. KMB maintained its stock of COVID provisions and the loan loss coverage at ~65%.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.

HSIE Results Daily: Kotak Mahindra Bank, Axis Bank and More

<p>Earnings in line; asset quality deteriorates slightly Motilal Oswal values your support in the Asiamoney Brokers Poll 2021 for India Research, Sales, Corporate Access and...</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>

Earnings in line; asset quality deteriorates slightly Motilal Oswal values your support in the Asiamoney Brokers Poll 2021 for India Research, Sales, Corporate Access and...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.

Earnings in line; asset quality deteriorates slightly

India

Axis Bank Limited provides a full range of banking services throughout India. The Group's activities include retail banking, investment management, merchant banking, treasury and NRI services, cash and credit management services, and ATM facilities.

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Axis Bank Ltd (AXSB IN)

Axis Bank: Strong Growth Momentum, Outlook Bright

Axis Bank is the third largest private sector bank in India with a balance sheet size of Rs11.1 lakh crore as on December 2021. The bank has a...

ICICI Securities Limited

Axis Bank: Stepping up the Momentum

Loan growth accelerates; asset quality remains robust. AXSB delivered a strong operational performance, with net profit up 224% YoY

Motilal Oswal

Axis Bank: Healthy Revival to Aid Improvement in Return Ratios

Axis Bank is the third largest private sector bank in India with a balance sheet size of | 9.8 lakh crore as on June 2021. The bank has a large...

ICICI Securities Limited

HSIE Results Daily: Kotak Mahindra Bank, Axis Bank and More

HSIE Results Daily Kotak Mahindra Bank: Kotak Mahindra Banks (KMB) 1QFY22 performance was broadly in line with our estimates on the back of...

HDFC Securities

Earnings in line; asset quality deteriorates slightly

Earnings in line; asset quality deteriorates slightly Motilal Oswal values your support in the Asiamoney Brokers Poll 2021 for India Research,...

Motilal Oswal

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