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. 

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.

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

Equitas Small Finance Bank  / Equity Bottom-Up

Equitas Small Finance Bank  (EQUITASB IN)

<ul><li>In Q4FY23, EQSFB reported a robust advances growth of 36/13% YoY/QoQ, which stood ahead of the management’s guidance of 25-30%.</li><li>We expect the bank to sustain this growth momentum and clock an excellent credit growth of ~27% CAGR over FY23-25E.</li><li>The said growth will be primarily led by the Housing, SBL, Vehicle Finance and Used Cars segment.</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>

In Q4FY23, EQSFB reported a robust advances growth of 36/13% YoY/QoQ, which stood ahead of the management’s guidance of 25-30%.We expect the bank to sustain this growth momentum and clock an excellent credit growth of ~27% CAGR over FY23-25E.The said growth will be primarily led by the Housing, SBL, Vehicle Finance and Used Cars segment.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.

Pick of the Week - Equitas Small Finance Bank Ltd.