External broker reports(aggregated public sources), Axis Direct

Axis Direct

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>Healthy operating metrics: BAF reported a healthy quarter across financial and operational metrics.</li><li>The company added 3.58 Mn customers during the quarter (vs. 2.6/3.8 Mn customers YoY/QoQ), taking the total customer base to 76.6 Mn customers (+22/5% YoY/QoQ).</li><li>The company booked ~8.5 Mn loans during the quarter (+25% YoY, -14% QoQ, largely seasonal) </li></ul>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.

Healthy operating metrics: BAF reported a healthy quarter across financial and operational metrics.The company added 3.58 Mn customers during the quarter (vs. 2.6/3.8 Mn customers YoY/QoQ), taking the total customer base to 76.6 Mn customers (+22/5% YoY/QoQ).The company booked ~8.5 Mn loans during the quarter (+25% YoY, -14% QoQ, largely seasonal) 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.

Bajaj Finance Ltd - Healthy Quarter; Growth Momentum to Continue!

Thematic (Sector/Industry)

<ul><li>Sep’23 Wholesale Volumes: The PV domestic sales were led by higher SUV dispatches while entry-level car sales remained under pressure.</li><li>Domestic 2W sales grew by 13% MoM (up 2% YoY, excluding HMSI) as OEMs filled the channel inventory ahead of the festive season.</li><li>2W exports showed early signs of strength (needs monitoring) with industry (excl HMSI) growing 4%/1% on a YoY/QoQ basis. </li></ul>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.

Sep’23 Wholesale Volumes: The PV domestic sales were led by higher SUV dispatches while entry-level car sales remained under pressure.Domestic 2W sales grew by 13% MoM (up 2% YoY, excluding HMSI) as OEMs filled the channel inventory ahead of the festive season.2W exports showed early signs of strength (needs monitoring) with industry (excl HMSI) growing 4%/1% on a YoY/QoQ basis. 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.

<ul><li>Bajaj Finance (BAF) is one of India’s largest NBFCs for consumer finance with a wide product portfolio comprising of loans for two-wheelers, consumer durables, housing, and small businesses among others.</li><li>The company operates its business through 1,400+ urban and 2,400+ rural lending branches, with over 1.6+ Lc distribution points and caters to a customer base of 73 Mn as on Jun’23.</li><li>AUM growth levers intact: In Q1FY24, BAF reported a strong operational performance adding 3.84 Mn customers (+41%/24% YoY/QoQ) and booking ~9.9 Mn (+34%/31% YoY/QoQ) loans. </li></ul>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.

Bajaj Finance (BAF) is one of India’s largest NBFCs for consumer finance with a wide product portfolio comprising of loans for two-wheelers, consumer durables, housing, and small businesses among others.The company operates its business through 1,400+ urban and 2,400+ rural lending branches, with over 1.6+ Lc distribution points and caters to a customer base of 73 Mn as on Jun’23.AUM growth levers intact: In Q1FY24, BAF reported a strong operational performance adding 3.84 Mn customers (+41%/24% YoY/QoQ) and booking ~9.9 Mn (+34%/31% YoY/QoQ) loans. 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.

Pick of the Week - Bajaj Finance Ltd - 03 OCT 2023

External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

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.

<ul><li>Q1FY24 earnings season saw an overall in-line performance, with wide divergences across sectors and companies</li><li>Aggregate revenue/PAT grew by 3%/52% YoY across the HSIE coverage (~219 stocks), with their four-year CAGRs at 12%/22%</li><li>Large-cap stocks of the coverage universe dominated the incremental earnings, which grew by 55% YoY, while the midcap category grew by 24% YoY</li></ul>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.

Q1FY24 earnings season saw an overall in-line performance, with wide divergences across sectors and companiesAggregate revenue/PAT grew by 3%/52% YoY across the HSIE coverage (~219 stocks), with their four-year CAGRs at 12%/22%Large-cap stocks of the coverage universe dominated the incremental earnings, which grew by 55% YoY, while the midcap category grew by 24% YoYContent 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.

India Equity Strategy: Input cost deflation hurts topline but boosts profitability

<ul><li>Bajaj Finance: Bajaj Finance (BAF) delivered a strong set of numbers on the back of higher-than-expected growth in AUM (+32% YoY), customer additions (+42% YoY) and new loans booked (+34% YoY)</li><li>Asset quality improved marginally with GS-II/GS-III at 1.2%/0.9% however, credit costs were slightly higher on the back of prudent provisioning</li><li>Operating efficiency remained steady with the C/I ratio at 34%</li></ul>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.

Bajaj Finance: Bajaj Finance (BAF) delivered a strong set of numbers on the back of higher-than-expected growth in AUM (+32% YoY), customer additions (+42% YoY) and new loans booked (+34% YoY)Asset quality improved marginally with GS-II/GS-III at 1.2%/0.9% however, credit costs were slightly higher on the back of prudent provisioningOperating efficiency remained steady with the C/I ratio at 34%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.

HSIE Results Daily: Bajaj Finance, Axis Bank, Tech Mahindra, Colgate Palmolive

India

Bajaj Finance Limited is a financial services company that operates branches in India, which provide an assortment of financial services.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Bajaj Finance Ltd (BAF IN)

Bajaj Finance Ltd - Healthy Quarter; Growth Momentum to Continue!

The company added 3.58 Mn customers during the quarter (vs. 2.6/3.8 Mn customers YoY/QoQ), taking the total customer base to 76.6 Mn customers (+22...

Axis Direct

Auto Monthly Volume Sep 2023

Sep’23 Wholesale Volumes: The PV domestic sales were led by higher SUV dispatches while entry-level car sales remained under pressure.

Axis Direct

Pick of the Week - Bajaj Finance Ltd - 03 OCT 2023

The company operates its business through 1,400+ urban and 2,400+ rural lending branches, with over 1.6+ Lc distribution points and caters to a...

Axis Direct

India Equity Strategy: Input cost deflation hurts topline but boosts profitability

Large-cap stocks of the coverage universe dominated the incremental earnings, which grew by 55% YoY, while the midcap category grew by 24% YoY

HDFC Securities

HSIE Results Daily: Bajaj Finance, Axis Bank, Tech Mahindra, Colgate Palmolive

Bajaj Finance (BAF) delivered a strong set of numbers on the back of higher-than-expected growth in AUM (+32% YoY), customer additions (+42% YoY)...

HDFC Securities

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)