External broker reports(aggregated public sources), Sharekhan

Sharekhan

External broker reports(aggregated public sources)

Sharekhan is India's leading broking house providing services from easy online trading, research to wide array of financial products. 

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>Federal Bank Federal Bank sustained a strong loan growth of 20% y-o-y/5% q-o-q in Q1FY25, despite seasonally a weak quarter and expectation of marginally slowdown in business momentum.</li><li>Retail advances grew by 25% y-o-y, while wholesale loans grew by 14% y-o-y segment.</li><li>CASA growth picked up (+5% q-o-q vs 1% in last quarter) while the bank sustained healthy retail term deposits growth (+5% q-o-q) which resulted in healthy deposits growth of 20% YoY/5% q-o-q.</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.

Federal Bank Federal Bank sustained a strong loan growth of 20% y-o-y/5% q-o-q in Q1FY25, despite seasonally a weak quarter and expectation of marginally slowdown in business momentum.Retail advances grew by 25% y-o-y, while wholesale loans grew by 14% y-o-y segment.CASA growth picked up (+5% q-o-q vs 1% in last quarter) while the bank sustained healthy retail term deposits growth (+5% q-o-q) which resulted in healthy deposits growth of 20% YoY/5% q-o-q.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.

Federal Bank - FY25 Begins on a Strong Note

<ul><li>Sharekhan's research report onFederal Bank Federal Bank’s net interest income (NII) grew by 15% y-o-y/3% q-o-q led by healthy net advances growth and better NIMs outcome.</li><li>Net interest margin (NIMs) improved by 2 bps q-o-q to 3.21%.</li><li>Yields improved by 11 bps q-o-q offsetting 17 bps q-o-q increase in cost of funds.</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.

Sharekhan's research report onFederal Bank Federal Bank’s net interest income (NII) grew by 15% y-o-y/3% q-o-q led by healthy net advances growth and better NIMs outcome.Net interest margin (NIMs) improved by 2 bps q-o-q to 3.21%.Yields improved by 11 bps q-o-q offsetting 17 bps q-o-q increase in cost of funds.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.

Federal Bank Ltd - Q4 a Mixed Bag, Succession in Progress

External broker reports(aggregated public sources), Axis Direct

Axis Direct

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

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>Federal Bank (FB) reported healthy credit growth of 20/5% YoY/QoQ.</li><li>FBs higher-yielding portfolio contributes ~24.6% of the total portfolio vs. 21.8% YoY.</li><li>Deposit growth improved to 18/5% YoY/QoQ, driven by TDs (+24/7% YoY/QoQ) as CASA deposit growth was muted (+6/1% YoY/QoQ). </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.

Federal Bank (FB) reported healthy credit growth of 20/5% YoY/QoQ.FBs higher-yielding portfolio contributes ~24.6% of the total portfolio vs. 21.8% YoY.Deposit growth improved to 18/5% YoY/QoQ, driven by TDs (+24/7% YoY/QoQ) as CASA deposit growth was muted (+6/1% YoY/QoQ). 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.

Federal Bank Ltd. - One-Time Cost Hurts Earnings; Strong Outlook for FY25!

Pan-Asia Index Rebalances/ Events/ Delta One, Periscope Analytics

Brian Freitas

Pan-Asia Index Rebalances/ Events/ Delta One

Periscope Analytics

Periscope Analytics focuses on event-driven trades across Asia Pacific and provides comprehensive, timely and systematic coverage of index changes to major Asia Pacific indices in a structured manner.

The analysis includes forecasted inclusions and exclusions to all major Asian indices that have significant amount of tracking assets, including estimates of passive buy/sell flow on the stocks. The service also provides commentary and impact of market consultations, ground rule changes, and other events (IPOs, spin-offs, M&A) that could lead to index changes and passive flow.

Periscope Analytics works with multi-strategy hedge funds, proprietary trading firms, stat arb trading groups and long-only investors that invest and trade in the Asia Pacific region with the data being used to trade index rebalances, avoid pre-positioning and passive flow, and to time entry into and exit from stocks.

Event-Driven Trades Across Asia Pacific

Event-Driven

<ul>
<li>There could be 17 changes for the Nifty200 Momentum 30 Index that will be implemented at the close on 30 December. Some changes from earlier following 45 new F&amp;O stocks.</li>
<li>If all changes are on expected lines, one-way turnover is estimated at 61.5% and that will result in a one-way trade of INR 63.4bn (US$752m).</li>
<li>The potential inclusions to the index have outperformed the potential deletions since the start of June. This trend could continue for a couple of weeks till the changes are announced.</li>
</ul>


There could be 17 changes for the Nifty200 Momentum 30 Index that will be implemented at the close on 30 December. Some changes from earlier following 45 new F&amp;O stocks.
If all changes are on expected lines, one-way turnover is estimated at 61.5% and that will result in a one-way trade of INR 63.4bn (US$752m).
The potential inclusions to the index have outperformed the potential deletions since the start of June. This trend could continue for a couple of weeks till the changes are announced.


NIFTY200 Momentum30 Index Rebalance Preview: More Changes with New F&O Stocks

<ul><li>Federal Bank (FB) reported healthy credit growth of 18/3% YoY/QoQ.</li><li>FB's higher-yielding portfolio contributes ~24.6% of the total portfolio vs. 21.4% YoY.</li><li>Deposit growth of 19/3% YoY/QoQ, was primarily driven by TDs (+25/4% YoY/QoQ) as CASA deposit growth was muted (+6/1% YoY/QoQ). </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.

Federal Bank (FB) reported healthy credit growth of 18/3% YoY/QoQ.FB's higher-yielding portfolio contributes ~24.6% of the total portfolio vs. 21.4% YoY.Deposit growth of 19/3% YoY/QoQ, was primarily driven by TDs (+25/4% YoY/QoQ) as CASA deposit growth was muted (+6/1% YoY/QoQ). 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.

Federal Bank Ltd. - Aspiring an RoA of 1.5% by FY25E Despite NIM Pressures!

India

Federal Bank Limited operates branches and regional offices throughout India. The Bank offers a wide range of financial services, including merchant banking, international banking and foreign exchange, leasing facilities, money markets and agricultural advances. The Bank also provides lending for hi-tech agricultural and government sponsored schemes.

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Federal Bank (FB IN)

Federal Bank - FY25 Begins on a Strong Note

Federal Bank Federal Bank sustained a strong loan growth of 20% y-o-y/5% q-o-q in Q1FY25, despite seasonally a weak quarter and expectation of...

Sharekhan

Federal Bank Ltd - Q4 a Mixed Bag, Succession in Progress

Sharekhan's research report onFederal Bank Federal Bank’s net interest income (NII) grew by 15% y-o-y/3% q-o-q led by healthy net advances growth...

Sharekhan

Federal Bank Ltd. - One-Time Cost Hurts Earnings; Strong Outlook for FY25!

Federal Bank (FB) reported healthy credit growth of 20/5% YoY/QoQ. FBs higher-yielding portfolio contributes ~24.6% of the total portfolio vs....

Axis Direct

NIFTY200 Momentum30 Index Rebalance Preview: More Changes with New F&O Stocks

We forecast 17 changes a side for the index in Dec. Some of the changes have changed following 45 new F&O inclusions. The forecast adds have...

Brian Freitas

Federal Bank Ltd. - Aspiring an RoA of 1.5% by FY25E Despite NIM Pressures!

Federal Bank (FB) reported healthy credit growth of 18/3% YoY/QoQ. FB's higher-yielding portfolio contributes ~24.6% of the total portfolio vs....

Axis Direct

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