Nirmal Bang

Nirmal Bang, one of the leading stock broking companies in India, caters to retail and institutional clients by offering them a range of financial products and services, including equities, derivatives, commodities, currency derivatives, mutual funds, IPOs, insurance, depository services and PMS.

Nirmal Bang is drawn from a diversity of professional backgrounds, and blend of experience, skill and dedication is shared with its clients. Nirmal Bang emphasizes adequate, thorough research local and world-wide developments, balancing these with the astute discovery of intrinsic values, synergies and growth. The aim is simply to help the investors to maximize their returns.

A Relationship Beyond Broking

External broker reports(aggregated public sources), Nirmal Bang

External broker reports(aggregated public sources)

Equity Bottom-Up

<div><div><div><div><ul><li>Volume growth slows; guiding for 12-15% growth in FY23: Overall gold loan AUM increased by 10.8% YoY and 6.1% QoQ.</li></ul><div><div><div><div><ul><li>While we note the growth in absolute value, underlying trends indicate this was driven by a higher ticket size and increasing customer leverage while customer growth indicators weakened, possibly due to heightened competition from smaller NBFCs and banks. </li></ul><div><div><div><div><ul><li>Total stock of gold holding (in tonnes) increased to 187, up 9.4% YoY and 5.1% QoQ.</li></ul></div></div></div></div></div></div></div></div></div></div></div></div><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>

Volume growth slows; guiding for 12-15% growth in FY23: Overall gold loan AUM increased by 10.8% YoY and 6.1% QoQ.While we note the growth in absolute value, underlying trends indicate this was driven by a higher ticket size and increasing customer leverage while customer growth indicators weakened, possibly due to heightened competition from smaller NBFCs and banks. Total stock of gold holding (in tonnes) increased to 187, up 9.4% YoY and 5.1% QoQ.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.

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