External broker reports(aggregated public sources), Axis Direct

Axis Direct

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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>Microfinance stress persists; likely to settle down by Q4: UJSFB has continued to face challenges in Q2FY25 in the microfinance portfolio, particularly group loans (GL).</li><li>On the contrary, the Individual loans (IL) portfolio quality has held up well, with GNPA &lt;2% and the management expects similar performance to continue.</li><li>To control the stress in the GL portfolio, UJSFB has devised a prudent lending approach and restricted disbursements to New-to-credit (NTC) customers and stopped new customer acquisition in branches where stress levels are elevated. </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>

Microfinance stress persists; likely to settle down by Q4: UJSFB has continued to face challenges in Q2FY25 in the microfinance portfolio, particularly group loans (GL).On the contrary, the Individual loans (IL) portfolio quality has held up well, with GNPA &lt;2% and the management expects similar performance to continue.To control the stress in the GL portfolio, UJSFB has devised a prudent lending approach and restricted disbursements to New-to-credit (NTC) customers and stopped new customer acquisition in branches where stress levels are elevated. 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 Small Finance - Asset Quality Concerns Persist; FY25 Growth Momentum to Derail!