External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

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External broker reports(aggregated public sources)

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund 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>Sundaram Finance: Sundaram Finance’s (SUF) Q2FY25 earnings were lower than our estimates, largely due to lower other income, while other P&amp;L outcomes remained broadly steady</li><li>AUM growth moderated further to +20% YoY (FY24: +27% YoY), driven by moderation in disbursements growth (-1% YoY)</li><li>The muted CV and PV cycle are reflected in muted disbursements across vehicle financing segments, while commercial lending (7.6% of AUM) aided disbursement growth (+29% YoY)</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>

Sundaram Finance: Sundaram Finance’s (SUF) Q2FY25 earnings were lower than our estimates, largely due to lower other income, while other P&amp;L outcomes remained broadly steadyAUM growth moderated further to +20% YoY (FY24: +27% YoY), driven by moderation in disbursements growth (-1% YoY)The muted CV and PV cycle are reflected in muted disbursements across vehicle financing segments, while commercial lending (7.6% of AUM) aided disbursement growth (+29% YoY)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.

Sundaram Finance - Growth Continues to Moderate