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. 

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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

Cholamandalam Investment and Finance / Equity Bottom-Up

Cholamandalam Investment and Finance (CIFC IN)

<ul><li>Strong growth in Disbursement at 27/4% YoY translated into healthy advances growth of 40/8% YoY/QoQ.</li><li>Growth in advances was majorly driven by the used vehicle book (Up 30/6% YoY/QoQ), LAP book (Up 34/9% YoY/QoQ), and housing book (Up 66/12% YoY/QoQ).</li><li>NIM was stable QoQ at 7.4%. However, it declined by 20bps YoY. Robust AUM growth and stable margins sequentially aided healthy growth in NII at 36/8% YoY/QoQ. </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>

Strong growth in Disbursement at 27/4% YoY translated into healthy advances growth of 40/8% YoY/QoQ.Growth in advances was majorly driven by the used vehicle book (Up 30/6% YoY/QoQ), LAP book (Up 34/9% YoY/QoQ), and housing book (Up 66/12% YoY/QoQ).NIM was stable QoQ at 7.4%. However, it declined by 20bps YoY. Robust AUM growth and stable margins sequentially aided healthy growth in NII at 36/8% YoY/QoQ. 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.

Cholamandalam Invst. & Finance Co.Ltd. - Robust Growth in AUM Sustained