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>Growth revival likely from FY25E onwards – While the implementation of digital lending processes has resulted in CUB holding back from growth, the management is confident of commencing its growth journey as the processes are near completion by mid-Jun’24.</li><li>This process revamping is also being extended towards the secured retail businesses such as Housing, LAP, and Micro-LAP and is expected to be completed by the end of Q1FY25 and will give a fillip to the bank’s credit growth.</li><li>Though the management has refrained from giving any growth guidance for FY25, it indicated Q1FY25 to be strong in terms of growth compared to Q1 historically, despite being a seasonally weak quarter. </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>

Growth revival likely from FY25E onwards – While the implementation of digital lending processes has resulted in CUB holding back from growth, the management is confident of commencing its growth journey as the processes are near completion by mid-Jun’24.This process revamping is also being extended towards the secured retail businesses such as Housing, LAP, and Micro-LAP and is expected to be completed by the end of Q1FY25 and will give a fillip to the bank’s credit growth.Though the management has refrained from giving any growth guidance for FY25, it indicated Q1FY25 to be strong in terms of growth compared to Q1 historically, despite being a seasonally weak quarter. 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.

City Union Bank Ltd. - Muted Quarter; Recovery Expected From FY25E Onwards!