External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund in India. 

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External broker reports(aggregated public sources)

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund 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>Axis Bank (AXSB) hosted an Analyst Day to demonstrate its progress at future-proofing the franchise on both sides of the balance sheet</li><li>Although AXSB has benefitted from margin tailwinds in a rising interest rate regime (+62bps NIM expansion over the past six quarters), we believe there is still significant ground to be covered in terms of enhancing the quality of its deposit franchise and catching up with its larger private sector banking peers</li><li>While AXSB is likely to sustain its investments in focus areas, resulting in elevated opex ratios, the bank is also building out high-yielding profit pools on the acquired businesses (Citi portfolio) by leveraging its digital initiatives and ecosystem partnerships to drive productivity gains</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>

Axis Bank (AXSB) hosted an Analyst Day to demonstrate its progress at future-proofing the franchise on both sides of the balance sheetAlthough AXSB has benefitted from margin tailwinds in a rising interest rate regime (+62bps NIM expansion over the past six quarters), we believe there is still significant ground to be covered in terms of enhancing the quality of its deposit franchise and catching up with its larger private sector banking peersWhile AXSB is likely to sustain its investments in focus areas, resulting in elevated opex ratios, the bank is also building out high-yielding profit pools on the acquired businesses (Citi portfolio) by leveraging its digital initiatives and ecosystem partnerships to drive productivity gainsContent 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.

Axis Bank (Update): Future-Proofing Efforts yet to Solve for Deposit Puzzle. Maintain BUY

Axis Bank Ltd

Axis Bank (Update): Future-Proofing Efforts yet to Solve for Deposit Puzzle. Maintain BUY