Leveraged Financials: Emerging Long-Tail Risks in Unsecured Credit
India’s heterogenous unsecured retail credit market (US$160bn, 3-year CAGR at ~23%) has been in the headlines ever since the RBI clamped down on...
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Axis Bank (Update): Future-Proofing Efforts yet to Solve for Deposit Puzzle. Maintain BUY
Axis Bank (AXSB) hosted an Analyst Day to demonstrate its progress at future-proofing the franchise on both sides of the balance sheet
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HSIE Results Daily: Axis Bank, Tech Mahindra, Jubilant FoodWorks, Sonata Software
Axis Bank (AXSB) reported in-line results, led by healthy loan growth (+4.5% QoQ) and a sharp improvement in asset quality
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HSIE Results Daily: Bajaj Finance, Axis Bank, Tech Mahindra, Colgate Palmolive
Bajaj Finance (BAF) delivered a strong set of numbers on the back of higher-than-expected growth in AUM (+32% YoY), customer additions (+42% YoY)...
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HSIE Results Daily: Hindustan Unilever, Axis Bank, Wipro, LTIMindtree
Hindustan Unilever: HUL’s revenue growth of 11% YoY was below our expectations (HSIE: 15%), with volumes growing by 4% (3% four-year CAGR, HSIE 7%)
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