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>Focus on quality customer acquisition – ICICI Securities (ISEC) will focus on acquiring quality customers with the potential to generate higher revenues along with exhibiting higher persistency.</li><li>Though the pace of customer acquisition could slowdown in the near term, we believe the focus on quality customers would support ISEC’s revenue growth over the medium term. (Contd.)</li><li>Reduction of revenue cyclicity – ISEC has sharpened its focus on the (1) wealth management franchise, (2) derivatives, (3) insurance and (4) loan disbursements with the aim to reduce its dependence on the broking business, especially the cash market and capital market segments, thereby reducing the cyclicity in its revenues.</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>

Focus on quality customer acquisition – ICICI Securities (ISEC) will focus on acquiring quality customers with the potential to generate higher revenues along with exhibiting higher persistency.Though the pace of customer acquisition could slowdown in the near term, we believe the focus on quality customers would support ISEC’s revenue growth over the medium term. (Contd.)Reduction of revenue cyclicity – ISEC has sharpened its focus on the (1) wealth management franchise, (2) derivatives, (3) insurance and (4) loan disbursements with the aim to reduce its dependence on the broking business, especially the cash market and capital market segments, thereby reducing the cyclicity in its revenues.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.

ICICI Securities - Soft Quarter; Broking Business Headwinds to Persist!

ICICI Securities Ltd

ICICI Securities - Soft Quarter; Broking Business Headwinds to Persist!