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 Financial Holdings / Equity Bottom-Up

Cholamandalam Financial Holdings (CHOLAHLD IN)

<ul><li>Disbursements growth was robust at 18/11% YoY/QoQ – led by LAP (+55/25% YoY/QoQ), Housing Loans (24/10% YoY/QoQ) and New Businesses (+24/15% YoY/QoQ).</li><li>Disbursements in the Vehicle Finance segment was muted at 6/5% YoY/QoQ. AUM growth was strong at 37/9% YoY/QoQ.</li><li>AUM growth was driven by strong growth across segments. NII grew by 33/8% YoY/QoQ, in-line with our expectations. </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>

Disbursements growth was robust at 18/11% YoY/QoQ – led by LAP (+55/25% YoY/QoQ), Housing Loans (24/10% YoY/QoQ) and New Businesses (+24/15% YoY/QoQ).Disbursements in the Vehicle Finance segment was muted at 6/5% YoY/QoQ. AUM growth was strong at 37/9% YoY/QoQ.AUM growth was driven by strong growth across segments. NII grew by 33/8% YoY/QoQ, in-line with our expectations. 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 Company Ltd. - Strong Quarter!