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>Karnataka Bank (KBL) reported a stellar performance in Q2FY23, beating our expectations across all fronts.</li><li>KBL has reported its highest-ever PAT of 412 Cr for the quarter and also its highest-ever PAT of 526 Cr for the first half of any financial year in its history.</li><li>Advances grew by 9.9%/2.6% YoY/QoQ and stood at Rs 59,872 Cr. Aided by strong growth in advances and a higher yield on loan books, NII grew by 26%/16.8% YoY/QoQ to Rs 803 Cr.</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>

Karnataka Bank (KBL) reported a stellar performance in Q2FY23, beating our expectations across all fronts.KBL has reported its highest-ever PAT of 412 Cr for the quarter and also its highest-ever PAT of 526 Cr for the first half of any financial year in its history.Advances grew by 9.9%/2.6% YoY/QoQ and stood at Rs 59,872 Cr. Aided by strong growth in advances and a higher yield on loan books, NII grew by 26%/16.8% YoY/QoQ to Rs 803 Cr.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.

Karnataka Bank - Beat in Expectations on All Fronts; Poised for Re-Rating