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>The growth in the gold loans has been driven by (i) demand recovery post a hiatus post COVID thus improving the pace of customer additions, (ii) increase in ATS and (iii) scope to improve LTV.</li><li>Despite the seasonal slowdown observed in Q2 and Q3 post a strong Q4 and Q1, the management remains confident of delivering strong gold loan growth of 15% in FY25, primarily driven by healthy customer addition.</li><li>While the recent budget announcement on duty cut on gold would not have a direct impact on gold financiers, it is likely to boost retail gold demand. </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>

The growth in the gold loans has been driven by (i) demand recovery post a hiatus post COVID thus improving the pace of customer additions, (ii) increase in ATS and (iii) scope to improve LTV.Despite the seasonal slowdown observed in Q2 and Q3 post a strong Q4 and Q1, the management remains confident of delivering strong gold loan growth of 15% in FY25, primarily driven by healthy customer addition.While the recent budget announcement on duty cut on gold would not have a direct impact on gold financiers, it is likely to boost retail gold demand. 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.

Manappuram Finance Ltd. - Gold Loan Growth Momentum to Continue!