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>With growth prospects remaining intact and the management confident to grow AUM at 13- 15% and deposits at 12-13%, we model in advances growth of 13.8% over FY24-26E.</li><li>Opex costs come under control due to actual gratuity being lower than provided for, leading to lower employee expenses.</li><li>Further, with consistent improvement in asset quality, we believe credit costs will remain under control. </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>

With growth prospects remaining intact and the management confident to grow AUM at 13- 15% and deposits at 12-13%, we model in advances growth of 13.8% over FY24-26E.Opex costs come under control due to actual gratuity being lower than provided for, leading to lower employee expenses.Further, with consistent improvement in asset quality, we believe credit costs will remain under control. 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 - Strong Quarter; No Major Impact of RBI PF Circular Likely!

State Bank Of India

State Bank of India - Strong Quarter; No Major Impact of RBI PF Circular Likely!