External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

External broker reports(aggregated public sources)

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund in India. 

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Thematic (Sector/Industry)

<ul><li>India’s home loan (HL) market (INR26trn, 17% of overall credit) is poised to double by FY28E on the back of secular trends around improving affordability, rising urbanisation and penetration beyond Tier-I locations</li><li>Driven by the combination of a sustained funding cost advantage, structural shift in sourcing models, renewed focus on retail HL, and transient rate cycle tailwinds, banks (~67% of HL market) are likely to continue dominating the prime HL segment</li><li>Affordable-focused HFCs (~INR1trn, 4% of HL market) have emerged as high-growth, high-RoA businesses, however, given the superior economics, this segment is witnessing rising competitive intensity</li><li>Going forward, the market micro-structure is likely to reflect newer collaborative models which are still evolving.</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>

India’s home loan (HL) market (INR26trn, 17% of overall credit) is poised to double by FY28E on the back of secular trends around improving affordability, rising urbanisation and penetration beyond Tier-I locationsDriven by the combination of a sustained funding cost advantage, structural shift in sourcing models, renewed focus on retail HL, and transient rate cycle tailwinds, banks (~67% of HL market) are likely to continue dominating the prime HL segmentAffordable-focused HFCs (~INR1trn, 4% of HL market) have emerged as high-growth, high-RoA businesses, however, given the superior economics, this segment is witnessing rising competitive intensityGoing forward, the market micro-structure is likely to reflect newer collaborative models which are still evolving.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.

Housing Finance: New market structures open up investment universe

External broker reports(aggregated public sources), Nirmal Bang

Nirmal Bang

A Relationship Beyond Broking

Nirmal Bang, one of the leading stock broking companies in India, caters to retail and institutional clients by offering them a range of financial products and services, including equities, derivatives, commodities, currency derivatives, mutual funds, IPOs, insurance, depository services and PMS.

Nirmal Bang is drawn from a diversity of professional backgrounds, and blend of experience, skill and dedication is shared with its clients. Nirmal Bang emphasizes adequate, thorough research local and world-wide developments, balancing these with the astute discovery of intrinsic values, synergies and growth. The aim is simply to help the investors to maximize their returns.

Equity Bottom-Up

<ul><li><span style="font-size: var(--content-font-size);">Incremental disbursements trends looking strong: Aavas’ 4QFY22 growth should be seen in the context of (1) AUM growth (2) disbursements growth and (3) volume growth.</span></li></ul><div><div><div><div><ul><li>NII growth led by NIM expansion: Our calc. NII increased by 34.7% YoY and 14.6% QoQ.</li></ul><div><div><div><ul><li>Asset quality improves: GS-3 ratio for 4QFY22 declined to 1% from 1.72% in 3QFY22. Adjusted for the RBI’s 12th Nov. 2021 circular, GS-3 ratio declined from 0.83% in 3QFY22 to 0.68% in 4QFY22.</li></ul></div></div></div></div></div></div></div><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>

Incremental disbursements trends looking strong: Aavas’ 4QFY22 growth should be seen in the context of (1) AUM growth (2) disbursements growth and (3) volume growth.NII growth led by NIM expansion: Our calc. NII increased by 34.7% YoY and 14.6% QoQ.Asset quality improves: GS-3 ratio for 4QFY22 declined to 1% from 1.72% in 3QFY22. Adjusted for the RBI’s 12th Nov. 2021 circular, GS-3 ratio declined from 0.83% in 3QFY22 to 0.68% in 4QFY22.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.

Aavas Financiers - Incremental Growth Trends Looking Strong

India

Aavas Financiers Limited provides consumer finance services. The Company offers home, land purchase, construction, home improvement, balance transfer, and business loans. Aavas Financiers serves customers in India.

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Aavas Financiers Ltd (AAVAS IN)

Housing Finance: New market structures open up investment universe

India’s home loan (HL) market (INR26trn, 17% of overall credit) is poised to double by FY28E on the back of secular trends around improving...

HDFC Securities

Aavas Financiers - Incremental Growth Trends Looking Strong

Aavas reported net profit growth of 32% YoY, aided by strong AUM growth, margin expansion and provision reversals. Disbursements were strong,...

Nirmal Bang

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