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.

Thematic (Sector/Industry)

<ul><li>As we conclude the final page of 2023, we extend our heartfelt wishes for a 'Happy New Year' to all our valued patrons.</li><li>With great enthusiasm, we welcome 2024, anticipating a year filled with prosperity, peace, and happiness for you and your family.</li><li>At this juncture, it gives us immense joy to announce our New Year picks for this year and we hope they will enhance and fortify your investment endeavours further</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.

As we conclude the final page of 2023, we extend our heartfelt wishes for a 'Happy New Year' to all our valued patrons.With great enthusiasm, we welcome 2024, anticipating a year filled with prosperity, peace, and happiness for you and your family.At this juncture, it gives us immense joy to announce our New Year picks for this year and we hope they will enhance and fortify your investment endeavours furtherContent 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.

Equity Bottom-Up

<ul><li>The company reported robust growth in AUM growth of 27/5% YoY/QoQ, mainly driven by healthy growth in MFI (Up 42% YoY, 9% QoQ), vehicles (Up 67/12% YoY/QoQ) and housing (Up 42/9% YoY/QoQ).</li><li>Moreover, gold loan growth revived, up 8/5%YoY/QoQ.</li><li>Despite a spike in the cost of funds by 20bps QoQ on the standalone book, net yields reported an uptick of 50bps QoQ to 21.9%. </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.

The company reported robust growth in AUM growth of 27/5% YoY/QoQ, mainly driven by healthy growth in MFI (Up 42% YoY, 9% QoQ), vehicles (Up 67/12% YoY/QoQ) and housing (Up 42/9% YoY/QoQ).Moreover, gold loan growth revived, up 8/5%YoY/QoQ.Despite a spike in the cost of funds by 20bps QoQ on the standalone book, net yields reported an uptick of 50bps QoQ to 21.9%. 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.

Manappuram Finance - Steady Momentum in AUM Growth with Stable Margins; Maintain Buy

<ul><li>Healthy AUM growth: The NBFCs under our coverage reported healthy AUM growth led by strong demand across segments.</li><li>Owing to seasonal weakness, disbursements for most financiers (ex-Vehicle financiers) moderated on a QoQ basis.</li><li>Management commentary on growth momentum sustaining is reassuring.</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.

Healthy AUM growth: The NBFCs under our coverage reported healthy AUM growth led by strong demand across segments.Owing to seasonal weakness, disbursements for most financiers (ex-Vehicle financiers) moderated on a QoQ basis.Management commentary on growth momentum sustaining is reassuring.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.

Top Sector Ideas - Banking, Financial Services and Insurance (BFSI)

<ul><li>Although Q1 was a seasonally weak quarter, MFL reported robust growth in AUM of 21/5% YoY/QoQ, mainly driven by healthy growth in MFI (Up 42% YoY, flat QoQ), vehicles (Up 60/14% YoY/QoQ) and housing (Up 37/10% YoY/QoQ).</li><li>Gold loan growth remained muted YoY and at 4% YoY.</li><li>Further, despite a spike in the cost of funds by 20 bps QoQ on the standalone book, net yields reported an uptick of 40 bps QoQ to 21.4%.</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.

Although Q1 was a seasonally weak quarter, MFL reported robust growth in AUM of 21/5% YoY/QoQ, mainly driven by healthy growth in MFI (Up 42% YoY, flat QoQ), vehicles (Up 60/14% YoY/QoQ) and housing (Up 37/10% YoY/QoQ).Gold loan growth remained muted YoY and at 4% YoY.Further, despite a spike in the cost of funds by 20 bps QoQ on the standalone book, net yields reported an uptick of 40 bps QoQ to 21.4%.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>MFL reported steady growth in AUM of 17.2/11.2% YoY/QoQ, majorly driven by healthy growth in MFI (Up 40/15% YoY/QoQ), Vehicle (Up 49/16% YoY/QoQ) and other loans (Up 200/37% YoY/QoQ).</li><li>However, gold loans remained under pressure as it declined by 2% YoY but reported sequential growth of 6% QoQ.</li><li>Although net yields declined by 150 bps QoQ to 21% due to a change in gold loan tenure, aided by robust AUM growth, NII reported healthy growth of 25/3% 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.

MFL reported steady growth in AUM of 17.2/11.2% YoY/QoQ, majorly driven by healthy growth in MFI (Up 40/15% YoY/QoQ), Vehicle (Up 49/16% YoY/QoQ) and other loans (Up 200/37% YoY/QoQ).However, gold loans remained under pressure as it declined by 2% YoY but reported sequential growth of 6% QoQ.Although net yields declined by 150 bps QoQ to 21% due to a change in gold loan tenure, aided by robust AUM growth, NII reported healthy growth of 25/3% 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.

Manappuram Finance - Stay Order on ED’s Investigation

India

Manappuram Finance Ltd. is a non-banking finance company. The Company offers loans against gold collateral, business loans, vehicle loans, foreign exchange and money transfer services; and sells gold coins.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Manappuram Finance (MGFL IN)

Axis New Year Picks 2024

At this juncture, it gives us immense joy to announce our New Year picks for this year and we hope they will enhance and fortify your investment...

Axis Direct

Manappuram Finance - Steady Momentum in AUM Growth with Stable Margins; Maintain Buy

The company reported robust growth in AUM growth of 27/5% YoY/QoQ, mainly driven by healthy growth in MFI (Up 42% YoY, 9% QoQ), vehicles (Up 67/12%...

Axis Direct

Top Sector Ideas - Banking, Financial Services and Insurance (BFSI)

The NBFCs under our coverage reported healthy AUM growth led by strong demand across segments .Owing to seasonal weakness, disbursements for most...

Axis Direct

Manappuram Finance - Robust AUM Growth

Further, despite a spike in the cost of funds by 20 bps QoQ on the standalone book, net yields reported an uptick of 40 bps QoQ to 21.4%.

Axis Direct

Manappuram Finance - Stay Order on ED’s Investigation

Although net yields declined by 150 bps QoQ to 21% due to a change in gold loan tenure, aided by robust AUM growth, NII reported healthy growth of...

Axis Direct

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)