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. 

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>HDFCB’s advances grew by 52% YoY and remained flattish QoQ. Deposits growth was disappointing at 24% YoY and flat QoQ.</li><li>CASA Deposits grew by ~6% YoY but de-grew by 5% QoQ, while TDs grew by 38/3% YoY/QoQ.</li><li>CASA Ratio improved to 36.3% vs 38.2% QoQ. C-D Ratio stood at 103.5% vs 104.4% 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.

HDFCB’s advances grew by 52% YoY and remained flattish QoQ. Deposits growth was disappointing at 24% YoY and flat QoQ.CASA Deposits grew by ~6% YoY but de-grew by 5% QoQ, while TDs grew by 38/3% YoY/QoQ.CASA Ratio improved to 36.3% vs 38.2% QoQ. C-D Ratio stood at 103.5% vs 104.4% 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.

HDFC Bank Ltd. - Deposit Accretion and C-D Ratio Improvement Assume Priority!

External reports (aggregated public sources), Value Investors Club

Value Investors Club

External reports (aggregated public sources)

<ul><li>HDFC Bank is the largest private sector bank in India known for its strong track record of compounding book value and EPS</li><li>The recent merger with Housing Development Finance Company initially received positive market reaction but has since caused a decline in HDFC Bank's stock price</li><li>Despite the stock underperformance, the merger offers potential cross-selling opportunities and a bright future for HDFC Bank</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

HDFC Bank is the largest private sector bank in India known for its strong track record of compounding book value and EPSThe recent merger with Housing Development Finance Company initially received positive market reaction but has since caused a decline in HDFC Bank's stock priceDespite the stock underperformance, the merger offers potential cross-selling opportunities and a bright future for HDFC BankThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Hdfc Bank Ltd (HDB) - Tuesday, Apr 9, 2024

Research and consultancy, Tabbush Report

Daniel Tabbush

Research and consultancy

Tabbush Report

We provide research and consultancy on Asian banks. Our focus is on what we call “Asian bank research, without the noise.” We are interested in the most critical swing-factors for banks, the NPL and credit cycle, and where we believe there is a gap between perception and reality. We often focus on the less studied components of bank financial statements.  Our research is highly thematic, sometimes examining unlisted banks and companies as a window on mainstream banks. 

Being independent allows us to look at smaller banks, often overlooked by others. Analysis of BIS bank guidelines in the context of Asia, is also a focal point, while we also analyze global banks operating in the region. We use what we believe is the most comprehensive, reliable financials database, SNL Financial. S&P Capital IQ augments our database, with corporate data and CEIC, with economics. 

Asian bank research, without the noise.

<ul>
<li>There is renewed interest in HDFC Bank given potential for stock index re-balancing as well as an acquisition for one of its subsidiaries </li>
<li>The story with HDFC Bank is strong regardless of these new ancillary positives, where growth is incredibly stable, and credit metrics shine</li>
<li>We remind that the amalgamation of HDFC Finance remains new, and gains are still not fully reflected, but a look at costs/assets shows progress</li>
</ul>


There is renewed interest in HDFC Bank given potential for stock index re-balancing as well as an acquisition for one of its subsidiaries 
The story with HDFC Bank is strong regardless of these new ancillary positives, where growth is incredibly stable, and credit metrics shine
We remind that the amalgamation of HDFC Finance remains new, and gains are still not fully reflected, but a look at costs/assets shows progress


HDFC Bank - Rebalancing & MUFG Acquisition Benefit, Ongoing NPL Stability & Profit Strength

Derivatives and Quantitative Strategist

Gaudenz Schneider

Event-Driven

<ul>
<li>This strategy exploits relative value in implied volatilities and combines it with a long Nifty 50 vs. short Nikkei 225 directional view over a period of two months.</li>
<li>The strategy performs well if the Nifty 50 rises and outperforms the Nikkei 225. If both indices decline, neither profit nor loss is incurred.</li>
<li>Leverage increases both the strategy's payoff and probability of success.</li>
</ul>


This strategy exploits relative value in implied volatilities and combines it with a long Nifty 50 vs. short Nikkei 225 directional view over a period of two months.
The strategy performs well if the Nifty 50 rises and outperforms the Nikkei 225. If both indices decline, neither profit nor loss is incurred.
Leverage increases both the strategy's payoff and probability of success.


EQD | Long Nifty 50 Vs. Short Nikkei 225 - A Relative Value Option Strategy with a Kicker

<ul><li>HDFC Bank (HDFCB) is the second-largest bank in the country with a Balance Sheet size of ~Rs 36 Tn (post merger).</li><li>As of Mar’24, the bank has 8,738 branches and 20,938 ATMs spread across 4,065 Indian cities.</li><li>Post the merger with HDFC Ltd., amongst the key subsidiaries of the bank are HDFC Life, HDFC ERGO General Insurance, HDFC AMC, HDB Financial and HDFC Securities.</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.

HDFC Bank (HDFCB) is the second-largest bank in the country with a Balance Sheet size of ~Rs 36 Tn (post merger).As of Mar’24, the bank has 8,738 branches and 20,938 ATMs spread across 4,065 Indian cities.Post the merger with HDFC Ltd., amongst the key subsidiaries of the bank are HDFC Life, HDFC ERGO General Insurance, HDFC AMC, HDB Financial and HDFC Securities.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.

Pick of the Week: HDFC Bank Ltd. - 03 JUNE 2024

India

HDFC Bank Ltd. offers a wide range of services to the global corporate sector. The Bank provides corporate banking and custodial services and is active in the treasury and capital markets. HDFC also markets project advisory services and capital market products such as Global Deposit Receipts, Euro currency loans, and Euro currency bonds.

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HDFC Bank (HDFCB IN)

HDFC Bank Ltd. - Deposit Accretion and C-D Ratio Improvement Assume Priority!

HDFCB’s advances grew by 52% YoY and remained flattish QoQ. Deposits growth was disappointing at 24% YoY and flat QoQ. CASA Deposits grew by ~6%...

Axis Direct

Hdfc Bank Ltd (HDB) - Tuesday, Apr 9, 2024

The recent merger with Housing Development Finance Company initially received positive market reaction but has since caused a decline in HDFC...

Value Investors Club

HDFC Bank - Rebalancing & MUFG Acquisition Benefit, Ongoing NPL Stability & Profit Strength

Renewed interest from a potential re-balancing, and a possible MUFG purchase for HDB. It shines on its own: stability, growth, credit metrics, with...

Daniel Tabbush

EQD | Long Nifty 50 Vs. Short Nikkei 225 - A Relative Value Option Strategy with a Kicker

Option strategy: exploit relative value in implied volatilities combined with directional positioning for a leveraged payoff in a long Nifty 50 vs....

Gaudenz Schneider

Pick of the Week: HDFC Bank Ltd. - 03 JUNE 2024

Post the merger with HDFC Ltd., amongst the key subsidiaries of the bank are HDFC Life, HDFC ERGO General Insurance, HDFC AMC, HDB Financial and...

Axis Direct

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