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>HDFC Bank’s (HDFCB) Q2FY23 earnings performance was broadly in line with our expectations.</li><li>Credit growth was robust at 23/6% YoY/QoQ driven by healthy growth in Commercial and Rural Banking (excl-Agri) (+32% YoY, +9% QoQ) and the corporate portfolio (+27% YoY, +9% QoQ) and sustained momentum in the the retail portfolio (+20% YoY, +4% QoQ).</li><li>The management indicated that the growth in the corporate portfolio was driven by improved credit off-take and better pricing.</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>

HDFC Bank’s (HDFCB) Q2FY23 earnings performance was broadly in line with our expectations.Credit growth was robust at 23/6% YoY/QoQ driven by healthy growth in Commercial and Rural Banking (excl-Agri) (+32% YoY, +9% QoQ) and the corporate portfolio (+27% YoY, +9% QoQ) and sustained momentum in the the retail portfolio (+20% YoY, +4% QoQ).The management indicated that the growth in the corporate portfolio was driven by improved credit off-take and better pricing.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.

HDFC Bank Ltd. - Broadly In-Line Performance, Margins Improve!