External broker reports(aggregated public sources), Sharekhan

Sharekhan

Sharekhan is India's leading broking house providing services from easy online trading, research to wide array of financial products. 

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External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>Overall operating performance was in line however higher credit (2.1% versus 1.9% q-o-q) was a key dampener resulting in muted earnings growth.</li><li>Management guided that credit cost has probably peaked in Q2 as bounce rates are lower and additions to stage2/stage3 have moderated q-o-q, which is a key positive although overall credit cost guidance has been increased to 2.05% vs earlier of 1.75-1.85% for FY25.</li><li>The company is reasonably confident that earnings growth is expected to gradually converge with asset growth, led by moderation in credit costs and stable NIMs in FY26 and outlook for H2FY25 is better than H1.</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>

Overall operating performance was in line however higher credit (2.1% versus 1.9% q-o-q) was a key dampener resulting in muted earnings growth.Management guided that credit cost has probably peaked in Q2 as bounce rates are lower and additions to stage2/stage3 have moderated q-o-q, which is a key positive although overall credit cost guidance has been increased to 2.05% vs earlier of 1.75-1.85% for FY25.The company is reasonably confident that earnings growth is expected to gradually converge with asset growth, led by moderation in credit costs and stable NIMs in FY26 and outlook for H2FY25 is better than H1.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 Ltd - Mixed Q2, Commentary Offering Comfort