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>Earnings grew by 16% y-o-y, led by lower provisions, although operating profits fell by ~10% y-o-y.</li><li>Total credit cost stood at 34 bps of average advances (annualized) versus 29 bps q-o-q and 142 bps y-o-y.</li><li>Net slippages remained negative for the fourth consecutive quarter led by higher recoveries and lower fresh slippages that lowered credit costs.</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>

Earnings grew by 16% y-o-y, led by lower provisions, although operating profits fell by ~10% y-o-y.Total credit cost stood at 34 bps of average advances (annualized) versus 29 bps q-o-q and 142 bps y-o-y.Net slippages remained negative for the fourth consecutive quarter led by higher recoveries and lower fresh slippages that lowered credit costs.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 - Stable Performance on Asset Quality Leading to Lower Provisions