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

<ul><li>Advances (net) reported a healthy growth of 14/1% YoY/QoQ, driven by retail book growth of 17/2% YoY/QoQ (unsecured retail Xpress credit grew 20/2% YoY/QoQ), Agri loan growth of ~15% YoY, and SME book growth of 18% YoY.</li><li>Margins declined to 3.47% (contracted by 37bps QoQ) due to the sharp rise in the cost of deposits by 56bps QoQ.</li><li>NII grew by 25% YoY, while contracted by 4% QoQ.</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>

Advances (net) reported a healthy growth of 14/1% YoY/QoQ, driven by retail book growth of 17/2% YoY/QoQ (unsecured retail Xpress credit grew 20/2% YoY/QoQ), Agri loan growth of ~15% YoY, and SME book growth of 18% YoY.Margins declined to 3.47% (contracted by 37bps QoQ) due to the sharp rise in the cost of deposits by 56bps QoQ.NII grew by 25% YoY, while contracted by 4% 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.

State Bank of India - Margins Contract Sharply, 1% RoA Delivery to Continue!

State Bank Of India

State Bank of India - Margins Contract Sharply, 1% RoA Delivery to Continue!