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. 

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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

Ujjivan Small Finance Bank  / Equity Bottom-Up

Ujjivan Small Finance Bank  (UJJIVANS IN)

<ul><li>While advances growth in FY23 has been primarily driven by the MFI segment, Ujjivan SFB (UJSFB) will look to achieve an advances mix of 50:50 over the longer term (5-Year horizon) between secured and unsecured products.</li><li>The bank is currently transitioning from the informal segment to the semi-formal/formal segment of customers, thereby keeping growth in the secured portfolio muted.</li><li>The management remains confident in building a strong deposit franchise with a primary focus on improving CASA and share of retail deposits. UJSFB is currently focusing on the deposit catchment area and expanding its geographic footprint (50-70 branches in FY24, mainly in Tier 2/3 towns).</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>

While advances growth in FY23 has been primarily driven by the MFI segment, Ujjivan SFB (UJSFB) will look to achieve an advances mix of 50:50 over the longer term (5-Year horizon) between secured and unsecured products.The bank is currently transitioning from the informal segment to the semi-formal/formal segment of customers, thereby keeping growth in the secured portfolio muted.The management remains confident in building a strong deposit franchise with a primary focus on improving CASA and share of retail deposits. UJSFB is currently focusing on the deposit catchment area and expanding its geographic footprint (50-70 branches in FY24, mainly in Tier 2/3 towns).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.

Ujjivan SFB- Targeting Sustainable RoA of 2.5%, Growth Opportunities Aplenty!