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)

HDFC Bank/HDFC Ltd Merger: Will Catalyze Growth, Not Dampen It

Q4FY22 Earnings | HDFC Bank: All Is Well!

Return of the Genteel Low Profile Bankers

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 (HDFCB) announced the merger with HDFC Ltd. (HDFC), which we believe is beneficial for both entities and will help strengthen HDFCB’s leadership position as synergies emerge over the longer term</li><li>The merger process is likely to be completed in 15- 18 months, subject to the completion of regulatory approvals</li><li>We maintain our BUY recommendation with a target price of Rs 1,985 derived using the SOTP method (core bank at 3.5x FY24 ABV + Subsidiaries value Rs 70/-), implying an upside of 20% from CMP.</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 (HDFCB) announced the merger with HDFC Ltd. (HDFC), which we believe is beneficial for both entities and will help strengthen HDFCB’s leadership position as synergies emerge over the longer termThe merger process is likely to be completed in 15- 18 months, subject to the completion of regulatory approvalsWe maintain our BUY recommendation with a target price of Rs 1,985 derived using the SOTP method (core bank at 3.5x FY24 ABV + Subsidiaries value Rs 70/-), implying an upside of 20% 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.

HDFC Bank

HDFC Bank: Win-Win for Both Entities!