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

<div><ul><li>The bank’s focus remains on ‘3N’s – (a) Maintaining Net NPAs within guided levels, (b) Focusing on Net Promoter Score, and (c) Doubling Networth over the next 3 years.</li><li>Focus on Key Growth Drivers – (a) High-margin businesses (~20.5% mix in Dec’22 vs. 17.4% in Dec’19), (b) Multiplying Reach, and (c) Ensuring customer delight</li><li>The business growth momentum continues to remain strong and the bank expects to double its business size to ~Rs 5 Tn over the next couple of years.</li></ul></div><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 bank’s focus remains on ‘3N’s – (a) Maintaining Net NPAs within guided levels, (b) Focusing on Net Promoter Score, and (c) Doubling Networth over the next 3 years.Focus on Key Growth Drivers – (a) High-margin businesses (~20.5% mix in Dec’22 vs. 17.4% in Dec’19), (b) Multiplying Reach, and (c) Ensuring customer delightThe business growth momentum continues to remain strong and the bank expects to double its business size to ~Rs 5 Tn over the next couple of years.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.

Federal Bank Ltd. - Well Poised for Growth, Reiterate BUY!