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

<ul><li>Bajaj Finance (BAF) reported a strong set of numbers in Q4FY22 which were ahead of our expectations, led by robust AUM growth of 29/9% YoY/QoQ and a strong PAT growth of 21/14% YoY/QoQ aided by lower provisions.</li><li>The company’s AUM growth was driven by strong traction across products (except auto financing which de-grew by 16%)</li><li>On the back of a recent correction in the stock, we revise our rating to BUY from HOLD with a revised target price of Rs 8,200 (7.8x FY24E ABV), implying an upside of 13% from the CMP.</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>

Bajaj Finance (BAF) reported a strong set of numbers in Q4FY22 which were ahead of our expectations, led by robust AUM growth of 29/9% YoY/QoQ and a strong PAT growth of 21/14% YoY/QoQ aided by lower provisions.The company’s AUM growth was driven by strong traction across products (except auto financing which de-grew by 16%)On the back of a recent correction in the stock, we revise our rating to BUY from HOLD with a revised target price of Rs 8,200 (7.8x FY24E ABV), implying an upside of 13% from the CMP.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.

Bajaj Finance: Business Momentum Strong, Outlook Remains Encouraging

Bajaj Finance Ltd

Bajaj Finance: Business Momentum Strong, Outlook Remains Encouraging