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. 

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Thematic (Sector/Industry)

<ul><li>Samvat 2078 was a year of peaks and troughs with a roller-coaster ride in the equity market across the world.</li><li>Since the last Diwali, the market has witnessed significant volatility led by liquidity reversal, policy tightening, the Russia-Ukraine geopolitical crisis, and rising inflation.</li><li>While these developments inflicted notable changes in the market regimes, especially with higher commodity prices of base metals and crude oil over the first half of the Samvat, a trend reversal was seen in the second half of the Samvat with the majority of commodity prices cooling off primarily due to the policy tightening and the expectation of a slowdown in global growth.</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.

Samvat 2078 was a year of peaks and troughs with a roller-coaster ride in the equity market across the world.Since the last Diwali, the market has witnessed significant volatility led by liquidity reversal, policy tightening, the Russia-Ukraine geopolitical crisis, and rising inflation.While these developments inflicted notable changes in the market regimes, especially with higher commodity prices of base metals and crude oil over the first half of the Samvat, a trend reversal was seen in the second half of the Samvat with the majority of commodity prices cooling off primarily due to the policy tightening and the expectation of a slowdown in global growth.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>The systemic credit growth continues to remain robust and at a multi-year high, supported by continued growth in the Retail and SME segment.</li><li>Corporate loans show gradual signs of revival. With the festive season beginning slightly early, a small part of the credit growth from festive demand (which is expected to be healthy) will be reflected in Q2FY23.</li><li>Even as credit growth continues to gather pace, deposit growth continues to lag on a systemic level and discussion around deposit accretion to support the robust credit growth will remain in focus.</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.

The systemic credit growth continues to remain robust and at a multi-year high, supported by continued growth in the Retail and SME segment.Corporate loans show gradual signs of revival. With the festive season beginning slightly early, a small part of the credit growth from festive demand (which is expected to be healthy) will be reflected in Q2FY23.Even as credit growth continues to gather pace, deposit growth continues to lag on a systemic level and discussion around deposit accretion to support the robust credit growth will remain in focus.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.

BFSI Q2fy23 Result Preview – yet Another Strong Quarter!

Equity Bottom-Up

<ul><li>IDFCFB reported robust loan growth momentum (up 26.1% YoY/ 6.8% QoQ) in Q2FY24, primarily driven by home loans (up 26% YoY/ 6% QoQ), wheels (up 41% YoY/ 9% QoQ) and rural finance (up 51% YoY/ 10% QoQ) with significant growth across the segments.</li><li>With NIM remaining flat at 6.32% and healthy growth in advances, NII reported robust growth of 31.6/5.5% YoY/QoQ.</li><li>Other Income reported a strong growth of 34.7/1.1% YoY/QoQ, largely led by growth in the fee income from the bank’s retail products.</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.

IDFCFB reported robust loan growth momentum (up 26.1% YoY/ 6.8% QoQ) in Q2FY24, primarily driven by home loans (up 26% YoY/ 6% QoQ), wheels (up 41% YoY/ 9% QoQ) and rural finance (up 51% YoY/ 10% QoQ) with significant growth across the segments.With NIM remaining flat at 6.32% and healthy growth in advances, NII reported robust growth of 31.6/5.5% YoY/QoQ.Other Income reported a strong growth of 34.7/1.1% YoY/QoQ, largely led by growth in the fee income from the bank’s retail products.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.

IDFC First Bank Ltd. - Balance Sheet Growing Sustainably

<ul><li>IDFCFB reported robust loan growth momentum (up 24.6% YoY/ 6.8% QoQ) in Q1FY24, primarily driven by home loans (up 31% YoY/ 3% QoQ), wheels (up 45% YoY/ 10% QoQ) and rural finance (up 46% YoY/ 8% QoQ) with significant growth across the segments.</li><li>Despite NIM contraction by 8 bps QoQ to 6.33%, healthy growth in advances aided NII growth of 36.1/4.1% YoY/QoQ.</li><li>Other income reported a strong growth of 65.2/1.2% YoY/QoQ, largely led by growth in the fee income from the bank’s retail products.</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.

IDFCFB reported robust loan growth momentum (up 24.6% YoY/ 6.8% QoQ) in Q1FY24, primarily driven by home loans (up 31% YoY/ 3% QoQ), wheels (up 45% YoY/ 10% QoQ) and rural finance (up 46% YoY/ 8% QoQ) with significant growth across the segments.Despite NIM contraction by 8 bps QoQ to 6.33%, healthy growth in advances aided NII growth of 36.1/4.1% YoY/QoQ.Other income reported a strong growth of 65.2/1.2% YoY/QoQ, largely led by growth in the fee income from the bank’s retail products.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.

IDFC First Bank Ltd. - Asset Quality Improvement Along with Healthy Growth in Advances

<ul><li>IDFCFB reported robust loan growth momentum (up 22% YoY/ 3% QoQ) in Q4FY23, primarily driven by home loans (up 39% YoY/ 10% QoQ), wheels (up 34% YoY/ 7% QoQ) and rural finance (up 48% YoY/ 18% QoQ) with significant growth across the segments.</li><li>Healthy growth in advances and NIM at 6.41% aided NII growth of 35/20% YoY/QoQ.</li><li>Other income reported strong growth of 68/32% YoY/QoQ, largely led by growth in the fee income from the bank’s retail products.</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.

IDFCFB reported robust loan growth momentum (up 22% YoY/ 3% QoQ) in Q4FY23, primarily driven by home loans (up 39% YoY/ 10% QoQ), wheels (up 34% YoY/ 7% QoQ) and rural finance (up 48% YoY/ 18% QoQ) with significant growth across the segments.Healthy growth in advances and NIM at 6.41% aided NII growth of 35/20% YoY/QoQ.Other income reported strong growth of 68/32% YoY/QoQ, largely led by growth in the fee income from the bank’s retail products.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.

IDFC First Bank Ltd. - Beat Across Parameters; Growth Momentum to Continue

India

IDFC First Bank is an Indian private sector universal bank offering a comprehensive suite of products and services across retail, MSME, rural, startups, corporate banking, cash management, credit cards, and wealth management. The bank provides savings and current accounts, fixed deposits, various loans, and investment solutions. It is headquartered in Mumbai, Maharashtra, India, and was founded in October 2015.

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IDFC First Bank (IDFCFB IN)

Axis Diwali Muhurat Picks: SAMVAT 2079

Since the last Diwali, the market has witnessed significant volatility led by liquidity reversal, policy tightening, the Russia-Ukraine...

Axis Direct

BFSI Q2fy23 Result Preview – yet Another Strong Quarter!

The systemic credit growth continues to remain robust and at a multi-year high, supported by continued growth in the Retail and SME segment.

Axis Direct

IDFC First Bank Ltd. - Balance Sheet Growing Sustainably

IDFCFB reported robust loan growth momentum (up 26.1% YoY/ 6.8% QoQ) in Q2FY24, primarily driven by home loans (up 26% YoY/ 6% QoQ)

Axis Direct

IDFC First Bank Ltd. - Asset Quality Improvement Along with Healthy Growth in Advances

IDFCFB reported robust loan growth momentum (up 24.6% YoY/ 6.8% QoQ) in Q1FY24, primarily driven by home loans (up 31% YoY/ 3% QoQ)

Axis Direct

IDFC First Bank Ltd. - Beat Across Parameters; Growth Momentum to Continue

IDFCFB reported robust loan growth momentum (up 22% YoY/ 3% QoQ) in Q4FY23, primarily driven by home loans (up 39% YoY/ 10% QoQ), wheels (up 34%...

Axis Direct

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