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>The management remains conservative on its growth outlook with the investment cycle yet to gather pace.</li><li>While CUB had earlier guided for a credit growth of 15-18% as it exits FY23, the management expects credit growth to be slightly lower in FY23, before picking up FY24E onwards.</li><li>While the bank continues to carry excess liquidity of Rs 2500-3000 Cr to push credit growth, it does not intend to further widen the credit-deposit growth gap.</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>

The management remains conservative on its growth outlook with the investment cycle yet to gather pace.While CUB had earlier guided for a credit growth of 15-18% as it exits FY23, the management expects credit growth to be slightly lower in FY23, before picking up FY24E onwards.While the bank continues to carry excess liquidity of Rs 2500-3000 Cr to push credit growth, it does not intend to further widen the credit-deposit growth gap.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. - Weak Quarter; Conservative Growth Outlook!