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.

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

Aptus Value Housing Finance India / Equity Bottom-Up

Aptus Value Housing Finance India (APTUS IN)

<ul><li>Aptus Value Housing Finance Ltd. (Aptus) Q2FY23 was broadly in line with our expectations, except marginal miss in the operating profit owing to a higher-than-expected Opex.</li><li>Disbursement growth remained robust, registering a growth of 43/15% YoY/QoQ, thereby aiding AUM growth of 33/7%YoY/QoQ.</li><li>Given the under-penetration in the self-employed segment along with the abilities that the company has developed in servicing these customers and its deep penetration in the Tier 3/4 markets, the management remains confident of credit growth outpacing the overall industry growth by 2x.</li></ul><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>

Aptus Value Housing Finance Ltd. (Aptus) Q2FY23 was broadly in line with our expectations, except marginal miss in the operating profit owing to a higher-than-expected Opex.Disbursement growth remained robust, registering a growth of 43/15% YoY/QoQ, thereby aiding AUM growth of 33/7%YoY/QoQ.Given the under-penetration in the self-employed segment along with the abilities that the company has developed in servicing these customers and its deep penetration in the Tier 3/4 markets, the management remains confident of credit growth outpacing the overall industry growth by 2x.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.

Aptus Value Housing Finance Ltd. - Robust Growth Momentum Continues