External broker reports(aggregated public sources), Axis Direct

Axis Direct

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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>Focus shifts to secured assets; optimistic on Gold loan growth: The management has indicated that Manappuram will focus on strengthening its core gold loan business alongside pursuing growth in the secured non-gold businesses.</li><li>In Q3FY25, the gold loan growth was soft owing to the festive season. However, the management remains confident that growth will pick up from Q4FY25 onwards, supported by a healthy pace of customer addition and increased ticket sizes.</li><li>Thus, Manappuram is expected to deliver a strong gold loan growth of 15-20% over the foreseeable future (vs its earlier guidance of 12-15%).</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 shifts to secured assets; optimistic on Gold loan growth: The management has indicated that Manappuram will focus on strengthening its core gold loan business alongside pursuing growth in the secured non-gold businesses.In Q3FY25, the gold loan growth was soft owing to the festive season. However, the management remains confident that growth will pick up from Q4FY25 onwards, supported by a healthy pace of customer addition and increased ticket sizes.Thus, Manappuram is expected to deliver a strong gold loan growth of 15-20% over the foreseeable future (vs its earlier guidance of 12-15%).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. - Weak Quarter, Focus Shifts to Growing Secured Portfolio!