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 company reported robust growth in AUM growth of 27/5% YoY/QoQ, mainly driven by healthy growth in MFI (Up 42% YoY, 9% QoQ), vehicles (Up 67/12% YoY/QoQ) and housing (Up 42/9% YoY/QoQ).</li><li>Moreover, gold loan growth revived, up 8/5%YoY/QoQ.</li><li>Despite a spike in the cost of funds by 20bps QoQ on the standalone book, net yields reported an uptick of 50bps QoQ to 21.9%. </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 company reported robust growth in AUM growth of 27/5% YoY/QoQ, mainly driven by healthy growth in MFI (Up 42% YoY, 9% QoQ), vehicles (Up 67/12% YoY/QoQ) and housing (Up 42/9% YoY/QoQ).Moreover, gold loan growth revived, up 8/5%YoY/QoQ.Despite a spike in the cost of funds by 20bps QoQ on the standalone book, net yields reported an uptick of 50bps QoQ to 21.9%. 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 - Steady Momentum in AUM Growth with Stable Margins; Maintain Buy