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>AUM up 8% YoY; 12% growth guided for FY23: AUM was up 8.4% YoY, with used vehicles loan rising by 13% YoY and new vehicles loans declining by 26% YoY</li></ul><div><div><div><div><ul><li>Stress book down 160bps QoQ: GNPA improved by 133bps QoQ due to higher write-offs.</li></ul><div><div><div><div><ul><li>Operating performance improves: Interest yield at 17.1% (+68bps YoY and +55bps QoQ) was higher than our expectation due to interest write-backs (impact +37bps).</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>

AUM up 8% YoY; 12% growth guided for FY23: AUM was up 8.4% YoY, with used vehicles loan rising by 13% YoY and new vehicles loans declining by 26% YoYStress book down 160bps QoQ: GNPA improved by 133bps QoQ due to higher write-offs.Operating performance improves: Interest yield at 17.1% (+68bps YoY and +55bps QoQ) was higher than our expectation due to interest write-backs (impact +37bps).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.

Shriram Transport - NIM Improves; Growth Moderates

Shriram Finance

Shriram Transport - NIM Improves; Growth Moderates