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 credit growth (+18/5% YoY/QoQ) was visible across segments - Retail loan (+21/6% YoY/QoQ), Business Banking portfolio (+30/11% YoY/QoQ), SME (+29/7% YoY/QoQ) and Corporate (+15/3% YoY/QoQ).</li><li>Similarly, deposit growth was strong at 19/5% YoY/QoQ, led by TD deposit growth of 32/9% YoY/QoQ.</li><li>CASA deposits growth was muted at 4% YoY and degrew by 2% QoQ. CASA ratio stood at 40.8% vs. 46.6%/43.3% YoY/QoQ.</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 credit growth (+18/5% YoY/QoQ) was visible across segments - Retail loan (+21/6% YoY/QoQ), Business Banking portfolio (+30/11% YoY/QoQ), SME (+29/7% YoY/QoQ) and Corporate (+15/3% YoY/QoQ).Similarly, deposit growth was strong at 19/5% YoY/QoQ, led by TD deposit growth of 32/9% YoY/QoQ.CASA deposits growth was muted at 4% YoY and degrew by 2% QoQ. CASA ratio stood at 40.8% vs. 46.6%/43.3% YoY/QoQ.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.

ICICI Bank Ltd. - Strong Performance Continues, Quarter After Quarter!

<ul><li>Healthy credit growth (+18%/4% YoY/QoQ, in line with our expectations) was visible across segments - Retail loan (+22%/4% YoY/QoQ), business banking portfolio (+30%/4% YoY/QoQ), SME (+29%/5% YoY/QoQ) and Corporate (+19%/3% YoY/QoQ).</li><li>Deposits grew by 18%/5% YoY/QoQ, led by TD deposit growth of 26%/10% YoY/QoQ.</li><li>CASA deposits grew by 9% YoY but were flat QoQ. CASA ratio stood at 43.3% vs. 46.9%/45.8% YoY/QoQ.</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 credit growth (+18%/4% YoY/QoQ, in line with our expectations) was visible across segments - Retail loan (+22%/4% YoY/QoQ), business banking portfolio (+30%/4% YoY/QoQ), SME (+29%/5% YoY/QoQ) and Corporate (+19%/3% YoY/QoQ).Deposits grew by 18%/5% YoY/QoQ, led by TD deposit growth of 26%/10% YoY/QoQ.CASA deposits grew by 9% YoY but were flat QoQ. CASA ratio stood at 43.3% vs. 46.9%/45.8% YoY/QoQ.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.

ICICI Bank Ltd. - Consistent Outperformer!

Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, IPOs & Placements

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Equity Capital Markets

Go Digit General Insurance / Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/go-digit-general-insurance-l" target="_blank" data-smartkarma-citation="entities:36266:1" rel="noopener">Go Digit General Insurance </a>is looking to raise around US$315m in its India IPO.</li>
<li>Go Digit General Insurance is a digital full stack insurance company, offering motor insurance, health insurance, travel insurance, property insurance, marine insurance, liability insurance and other insurance products.</li>
<li>We have looked at the company’s performance in our past note. In this note, we talk about the refiling updates and valuations.</li>
</ul>



Go Digit General Insurance is looking to raise around US$315m in its India IPO.
Go Digit General Insurance is a digital full stack insurance company, offering motor insurance, health insurance, travel insurance, property insurance, marine insurance, liability insurance and other insurance products.
We have looked at the company’s performance in our past note. In this note, we talk about the refiling updates and valuations.


Go Digit General Insurance IPO - Growth Remains Strong, Valuation Isn’t Cheap

<ul>
<li>
<a href="https://www.smartkarma.com/entities/vodafone-idea-ltd" target="_blank" data-smartkarma-citation="entities:15678:1" rel="noopener">Vodafone Idea (IDEA IN)</a> plans to raise around US$2.2bn via a follow-on public offering.</li>
<li>The deal has been in the works for years and proceeds will be used for capex and short-term debt repayment.</li>
<li>In this note, we will run the deal through our ECM framework and talk about the deal dynamics.</li>
</ul>



Vodafone Idea (IDEA IN) plans to raise around US$2.2bn via a follow-on public offering.
The deal has been in the works for years and proceeds will be used for capex and short-term debt repayment.
In this note, we will run the deal through our ECM framework and talk about the deal dynamics.


Vodafone Idea Placement - Very Well Flagged but Its Not Going to Fix a Whole Lot of Issues

Forensics and Corporate Governance Analyst, Beat the Street

Nimish Maheshwari

Forensics and Corporate Governance Analyst

Beat the Street

Beat The Street was founded by Nimish Maheshwari and Sudarshan Bhandari, both of whom are Chartered Accountants by Profession, known for their expert analysis in the fields of Business, Sectoral analysis, and Corporate governance.

With a strong social media presence of 45,000+ Subscribers across various platforms, they are considered trusted voices in the industry. Their insights and analysis have been featured in some of India’s most prominent publications, including the Economic Times, Dalal Street Investment Journal, The Morning Context, and The Ken.

Their analysis on Bankrupt & Insolvent companies has been instrumental in saving investors from significant losses. They have a keen eye for identifying red flags and has identified exclusive redflags earlier in Vedanta, Nykaa, Dhani Services, Adani and many more.

Read Business Not Stock Prices

<ul>
<li>ICICI Securities Shareholders will consider delisting proposal at the end of March-24 which will decide its fate</li>
<li>Swap Ratio based on current prices offers limited downside for I-Sec Shareholders if delisting goes through.</li>
<li>There could be potential upside of 20% if delisting fails.</li>
</ul>


ICICI Securities Shareholders will consider delisting proposal at the end of March-24 which will decide its fate
Swap Ratio based on current prices offers limited downside for I-Sec Shareholders if delisting goes through.
There could be potential upside of 20% if delisting fails.


ICICI Securities : A Special Situation Play with Limited Downside

India

ICICI Bank Limited operates as a bank. The Bank offers saving accounts, loans, debit, credit cards, insurance, investments, mortgages, and online banking services. ICICI Bank serves customers worldwide.

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ICICI Bank Ltd (ICICIBC IN)

ICICI Bank Ltd. - Strong Performance Continues, Quarter After Quarter!

Retail loan (+21/6% YoY/QoQ), Business Banking portfolio (+30/11% YoY/QoQ), SME (+29/7% YoY/QoQ) and Corporate (+15/3% YoY/QoQ).

Axis Direct

ICICI Bank Ltd. - Consistent Outperformer!

Retail loan (+22%/4% YoY/QoQ), business banking portfolio (+30%/4% YoY/QoQ), SME (+29%/5% YoY/QoQ) and Corporate (+19%/3% YoY/QoQ).

Axis Direct

Go Digit General Insurance IPO - Growth Remains Strong, Valuation Isn’t Cheap

Go Digit General Insurance is looking to raise around US$315m in its India IPO. We have looked at the company's past performance in our earlier...

Sumeet Singh

Vodafone Idea Placement - Very Well Flagged but Its Not Going to Fix a Whole Lot of Issues

Vodafone Idea (IDEA IN) plans to raise around US$2.2bn via a follow-on public offering. In this note, we talk about the deal dyanmics.

Sumeet Singh

ICICI Securities : A Special Situation Play with Limited Downside

ICICI Securities Delisting is a Special Situation Play with a potential upside of 20% and limited downside risk offering a short-term bet.

Nimish Maheshwari

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

ICICI Bank Ltd. - Strong Performance Continues, Quarter After Quarter!

Retail loan (+21/6% YoY/QoQ), Business Banking portfolio (+30/11% YoY/QoQ), SME (+29/7% YoY/QoQ) and Corporate (+15/3% YoY/QoQ).

Axis Direct

ICICI Bank Ltd. - Consistent Outperformer!

Retail loan (+22%/4% YoY/QoQ), business banking portfolio (+30%/4% YoY/QoQ), SME (+29%/5% YoY/QoQ) and Corporate (+19%/3% YoY/QoQ).

Axis Direct

Go Digit General Insurance IPO - Growth Remains Strong, Valuation Isn’t Cheap

Go Digit General Insurance is looking to raise around US$315m in its India IPO. We have looked at the company's past performance in our earlier...

Sumeet Singh

Vodafone Idea Placement - Very Well Flagged but Its Not Going to Fix a Whole Lot of Issues

Vodafone Idea (IDEA IN) plans to raise around US$2.2bn via a follow-on public offering. In this note, we talk about the deal dyanmics.

Sumeet Singh

ICICI Securities : A Special Situation Play with Limited Downside

​ICICI Securities Delisting is a Special Situation Play with a potential upside of 20% and limited downside risk offering a short-term bet.

Nimish Maheshwari

ICICI Securities Delisting is a Special Situation Play with a potential upside of 20% and limited downside risk offering a short-term bet.