External broker reports(aggregated public sources), ICICI Securities Ltd

ICICI Securities Limited

External broker reports(aggregated public sources)

ICICI Securities Ltd

ICICI Securities Limited provides investment services. The Company provides corporate and investment banking, securities, wealth management, retail brokerage, initial public offerings, and advisory services. 

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>IDFC Ltd is registered with RBI as NBFC - Investments. Besides banking, it also has investments in diverse businesses such as asset management, and infrastructure debt fund.</li>
<li>IDFC Ltd has jumped over 11% with the reverse merger news coming in; while in the past one year, the stock has increased over 50%</li>
<li>In our SoTP, IDFC First Bank is valued at ~1.6x FY23E ABV and AMC business at 4% of AAUM to arrive at a revised target price of Rs 70 per share for IDFC Ltd </li>
</ul>
<div class="content-highlight"><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></div>


IDFC Ltd is registered with RBI as NBFC - Investments. Besides banking, it also has investments in diverse businesses such as asset management, and infrastructure debt fund.
IDFC Ltd has jumped over 11% with the reverse merger news coming in; while in the past one year, the stock has increased over 50%
In our SoTP, IDFC First Bank is valued at ~1.6x FY23E ABV and AMC business at 4% of AAUM to arrive at a revised target price of Rs 70 per share for IDFC Ltd 

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 Ltd: Three-Way Merger Getting Closer

India

IDFC Limited offers infrastructure project financing services.  The Company primarily finances energy, telecommunications, and transportation projects.

IDFC Ltd (IDFC IN)

IDFC Ltd: Three-Way Merger Getting Closer

IDFC Ltd is registered with RBI as NBFC - Investments. Besides banking, it also has investments in diverse businesses such as asset management, and...

ICICI Securities Limited