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

CreditAccess Grameen Ltd / Equity Bottom-Up

<ul><li>CreditAccessGrameen Ltd. (CAG) reported numbers that were ahead of our expectations with improved performance on the operational as well as asset quality front</li><li>On the operational front, Disbursements during the quarter stood at Rs 4,720 Cr (+3% YoY, +21% QoQ)</li><li>We maintain our BUY recommendation on the stock and value CAG at 2.5x H1FY24E BV to arrive at a target price of Rs 825/share, implying an upside of 13% from CMP.</li></ul><div class="content-highlight"><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></div>

CreditAccessGrameen Ltd. (CAG) reported numbers that were ahead of our expectations with improved performance on the operational as well as asset quality frontOn the operational front, Disbursements during the quarter stood at Rs 4,720 Cr (+3% YoY, +21% QoQ)We maintain our BUY recommendation on the stock and value CAG at 2.5x H1FY24E BV to arrive at a target price of Rs 825/share, implying an upside of 13% from CMP.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.

CreditAccess Grameen: Gearing to Resume Business as Usual from FY23E Onwards!