Axis Top Picks - Aug 2023
The Axis Top Picks Basket returned a solid return of 10% in July’23 against the 3% return posted by Nifty 50, beating the benchmark by a wide margin.
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Federal Bank Ltd. - NIMs Likely to Have Bottomed Out, RoA Guidance Maintained!
Federal Bank (FB) reported credit growth of 21%/5% YoY/QoQ. The management stated that growth has been broad-based not only geographically and...
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Top Picks - Upcoming Monsoon Critical for Broad-Based Recovery - June 2023
Axis Top Picks basket delivered impressive returns of 25% in the last one year, outperforming the benchmark Index NIFTY 50 (12% returns in one...
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Federal Bank Ltd. - NIMs Surprise Negatively; Growth Levers Intact!
FB reported credit growth of 20/4% YoY/QoQ supported by growth across segments. The bank’s higher-yielding portfolio contributed ~21% to...
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Bfsi Q4fy23 Result Preview – yet Another Strong Quarter!
We expect the banks under our coverage to mirror the strong systemic credit growth, thereby delivering a robust ~17% YoY credit growth in Q4FY23.
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