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. 

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Equity Bottom-Up

Aptus Value Housing Finance India / Equity Bottom-Up

<ul><li>Demand in core markets remains strong – The management has indicated that the demand in the core states of Tamil Nadu (TN), Andhra Pradesh (AP), Telangana (TL) and Karnataka (KA) continues to remain encouraging given the under-penetration in these markets and the large un/underserved demand.</li><li>It remains confident of delivering a 25-30% AUM growth over the next 3-5 years. Aptus will strategically focus on the core markets of KA and TL to improve its penetration and will also look to strengthen its presence in one of the new markets (Odisha) by gradually adding branches.</li><li>Home Loans and Business Loans (SME) will continue to remain key growth drivers. We expect Aptus to deliver a robust AUM growth of ~28% CAGR over FY23-25E.</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.

Demand in core markets remains strong – The management has indicated that the demand in the core states of Tamil Nadu (TN), Andhra Pradesh (AP), Telangana (TL) and Karnataka (KA) continues to remain encouraging given the under-penetration in these markets and the large un/underserved demand.It remains confident of delivering a 25-30% AUM growth over the next 3-5 years. Aptus will strategically focus on the core markets of KA and TL to improve its penetration and will also look to strengthen its presence in one of the new markets (Odisha) by gradually adding branches.Home Loans and Business Loans (SME) will continue to remain key growth drivers. We expect Aptus to deliver a robust AUM growth of ~28% CAGR over FY23-25E.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.

Aptus Value Housing Finance Ltd. - Strong Growth Runway

<ul><li>Aptus Value Housing Finance Ltd. (Aptus) Q2FY23 was broadly in line with our expectations, except marginal miss in the operating profit owing to a higher-than-expected Opex.</li><li>Disbursement growth remained robust, registering a growth of 43/15% YoY/QoQ, thereby aiding AUM growth of 33/7%YoY/QoQ.</li><li>Given the under-penetration in the self-employed segment along with the abilities that the company has developed in servicing these customers and its deep penetration in the Tier 3/4 markets, the management remains confident of credit growth outpacing the overall industry growth by 2x.</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.

Aptus Value Housing Finance Ltd. (Aptus) Q2FY23 was broadly in line with our expectations, except marginal miss in the operating profit owing to a higher-than-expected Opex.Disbursement growth remained robust, registering a growth of 43/15% YoY/QoQ, thereby aiding AUM growth of 33/7%YoY/QoQ.Given the under-penetration in the self-employed segment along with the abilities that the company has developed in servicing these customers and its deep penetration in the Tier 3/4 markets, the management remains confident of credit growth outpacing the overall industry growth by 2x.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.

Aptus Value Housing Finance Ltd. - Robust Growth Momentum Continues

Thematic (Sector/Industry)

<ul><li>Axis Diwali Muhurat Picks: SAMVAT 2079: We are glad to share our report – Axis Diwali Muhurat Picks: SAMVAT 2079 with you.</li><li>The report contains carefully selected and deeply researched stocks that are well-positioned to benefit from the robust festive demand and India’s favourable macroeconomic developments.</li><li>During the month, we published the Consolidated Preview for Q2FY23. You may refer to the full report here.</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.

Axis Diwali Muhurat Picks: SAMVAT 2079: We are glad to share our report – Axis Diwali Muhurat Picks: SAMVAT 2079 with you.The report contains carefully selected and deeply researched stocks that are well-positioned to benefit from the robust festive demand and India’s favourable macroeconomic developments.During the month, we published the Consolidated Preview for Q2FY23. You may refer to the full report here.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.

<ul><li>Samvat 2078 was a year of peaks and troughs with a roller-coaster ride in the equity market across the world.</li><li>Since the last Diwali, the market has witnessed significant volatility led by liquidity reversal, policy tightening, the Russia-Ukraine geopolitical crisis, and rising inflation.</li><li>While these developments inflicted notable changes in the market regimes, especially with higher commodity prices of base metals and crude oil over the first half of the Samvat, a trend reversal was seen in the second half of the Samvat with the majority of commodity prices cooling off primarily due to the policy tightening and the expectation of a slowdown in global growth.</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.

Samvat 2078 was a year of peaks and troughs with a roller-coaster ride in the equity market across the world.Since the last Diwali, the market has witnessed significant volatility led by liquidity reversal, policy tightening, the Russia-Ukraine geopolitical crisis, and rising inflation.While these developments inflicted notable changes in the market regimes, especially with higher commodity prices of base metals and crude oil over the first half of the Samvat, a trend reversal was seen in the second half of the Samvat with the majority of commodity prices cooling off primarily due to the policy tightening and the expectation of a slowdown in global growth.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.

<ul><li>Aptus Value Housing Finance Ltd. (Aptus) reported a strong operational performance, a beat across all parameters, while the 56bps QoQ increase in GNPA was the only dampener.</li><li>The business momentum remained robust with disbursements at Rs 525 Cr (+113% YoY, +1% QoQ) which translated into a healthy AUM growth of 30/7% YoY/QoQ, driven by a 7/2% QoQ growth in the Housing/Business Loans.</li><li>The management remains confident of ample growth opportunities available in the self-employed segment, especially in the Tier III/IV markets where Aptus is well-positioned.</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.

Aptus Value Housing Finance Ltd. (Aptus) reported a strong operational performance, a beat across all parameters, while the 56bps QoQ increase in GNPA was the only dampener.The business momentum remained robust with disbursements at Rs 525 Cr (+113% YoY, +1% QoQ) which translated into a healthy AUM growth of 30/7% YoY/QoQ, driven by a 7/2% QoQ growth in the Housing/Business Loans.The management remains confident of ample growth opportunities available in the self-employed segment, especially in the Tier III/IV markets where Aptus is well-positioned.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.

Aptus Value Housing Finance Ltd. - Robust Operational Performance

India

Aptus Value Housing Finance India Limited provides financial services. The Company offers housing and non-housing finance loans, as well as insurance services. Aptus Value Housing Finance India serves customers in India.

Aptus Value Housing Finance India (APTUS IN)

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Aptus Value Housing Finance India (APTUS IN)

Aptus Value Housing Finance Ltd. - Strong Growth Runway

Home Loans and Business Loans (SME) will continue to remain key growth drivers. We expect Aptus to deliver a robust AUM growth of ~28% CAGR over...

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Aptus Value Housing Finance Ltd. - Robust Growth Momentum Continues

Aptus Value Housing Finance Ltd. (Aptus) Q2FY23 was broadly in line with our expectations, except marginal miss in the operating profit owing to a...

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Axis Research Scorecard Report - Oct 22

The report contains carefully selected and deeply researched stocks that are well-positioned to benefit from the robust festive demand and India’s...

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Axis Diwali Muhurat Picks: SAMVAT 2079

Since the last Diwali, the market has witnessed significant volatility led by liquidity reversal, policy tightening, the Russia-Ukraine...

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Aptus Value Housing Finance Ltd. - Robust Operational Performance

Aptus Value Housing Finance Ltd. (Aptus) reported a strong operational performance, a beat across all parameters, while the 56bps QoQ increase in...

Axis Direct

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