Nirmal Bang

Nirmal Bang, one of the leading stock broking companies in India, caters to retail and institutional clients by offering them a range of financial products and services, including equities, derivatives, commodities, currency derivatives, mutual funds, IPOs, insurance, depository services and PMS.

Nirmal Bang is drawn from a diversity of professional backgrounds, and blend of experience, skill and dedication is shared with its clients. Nirmal Bang emphasizes adequate, thorough research local and world-wide developments, balancing these with the astute discovery of intrinsic values, synergies and growth. The aim is simply to help the investors to maximize their returns.

A Relationship Beyond Broking

External broker reports(aggregated public sources), Nirmal Bang

External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li><span style="font-size: var(--content-font-size);">Incremental disbursements trends looking strong: Aavas’ 4QFY22 growth should be seen in the context of (1) AUM growth (2) disbursements growth and (3) volume growth.</span></li></ul><div><div><div><div><ul><li>NII growth led by NIM expansion: Our calc. NII increased by 34.7% YoY and 14.6% QoQ.</li></ul><div><div><div><ul><li>Asset quality improves: GS-3 ratio for 4QFY22 declined to 1% from 1.72% in 3QFY22. Adjusted for the RBI’s 12th Nov. 2021 circular, GS-3 ratio declined from 0.83% in 3QFY22 to 0.68% in 4QFY22.</li></ul></div></div></div></div></div></div></div><p><em>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.</em></p>

Incremental disbursements trends looking strong: Aavas’ 4QFY22 growth should be seen in the context of (1) AUM growth (2) disbursements growth and (3) volume growth.NII growth led by NIM expansion: Our calc. NII increased by 34.7% YoY and 14.6% QoQ.Asset quality improves: GS-3 ratio for 4QFY22 declined to 1% from 1.72% in 3QFY22. Adjusted for the RBI’s 12th Nov. 2021 circular, GS-3 ratio declined from 0.83% in 3QFY22 to 0.68% in 4QFY22.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.

Aavas Financiers - Incremental Growth Trends Looking Strong

Aavas Financiers Ltd

Aavas Financiers - Incremental Growth Trends Looking Strong