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

<ul>
<li>DCB Bank’s (DCB) Q3FY22 numbers were muted owing to higher-than-expected provisions resulting in a miss on PAT and elevated opex</li>
<li>Disbursements during the quarter stood at Rs. 3,341 Cr (+21% YoY, -13% QoQ)</li>
<li>We maintain our BUY rating with a revised target price of Rs 115/share (0.8x FY24E ABV), implying an upside of 32% 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>


DCB Bank’s (DCB) Q3FY22 numbers were muted owing to higher-than-expected provisions resulting in a miss on PAT and elevated opex
Disbursements during the quarter stood at Rs. 3,341 Cr (+21% YoY, -13% QoQ)
We maintain our BUY rating with a revised target price of Rs 115/share (0.8x FY24E ABV), implying an upside of 32% 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.

DCB Bank: Muted Quarter, Near Normalization Expected FY23E Onwards!

DCB Bank Ltd

DCB Bank: Muted Quarter, Near Normalization Expected FY23E Onwards!