External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

External broker reports(aggregated public sources)

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund in India. 

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Thematic (Sector/Industry)

<ul><li>Rural India’s economic recovery post the COVID-19 pandemic has been a much debated topic over the past year, and rightfully so</li><li>Accounting for ~45% of the country’s GVA, the rural economic recovery bodes well for corporate revenues and the Indian economy as a whole</li><li>Our report is a bottom-up analysis of the Indian rural economy by looking at state-specific rural characteristics and performances</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>

Rural India’s economic recovery post the COVID-19 pandemic has been a much debated topic over the past year, and rightfully soAccounting for ~45% of the country’s GVA, the rural economic recovery bodes well for corporate revenues and the Indian economy as a wholeOur report is a bottom-up analysis of the Indian rural economy by looking at state-specific rural characteristics and performancesContent 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.

Rural India - State-Wise Divergences Evident in Recovery Phase

External broker reports(aggregated public sources), Nirmal Bang

Nirmal Bang

A Relationship Beyond Broking

Nirmal Bang, one of the leading stock broking companies in India, caters to retail and institutional clients by offering them a range of financial products and services, including equities, derivatives, commodities, currency derivatives, mutual funds, IPOs, insurance, depository services and PMS.

Nirmal Bang is drawn from a diversity of professional backgrounds, and blend of experience, skill and dedication is shared with its clients. Nirmal Bang emphasizes adequate, thorough research local and world-wide developments, balancing these with the astute discovery of intrinsic values, synergies and growth. The aim is simply to help the investors to maximize their returns.

Equity Bottom-Up

<div><div><div><div><ul><li>NII growth affected due to margin dip: NII growth was weak as NIM (domestic) expansion (YoY) was soft (+3bps YoY) while declining by 15bps QoQ.</li></ul><div><div><div><div><ul><li>Growth lagging peers: Gross advances increased by 6.2% YoY and 4.0% QoQ. Growth in domestic advances was 5.6% YoY and 3.4% QoQ.</li></ul><div><div><div><div><ul><li>Deposits growth tepid: Overall global deposits increased by 3.6% YoY and 1.7% QoQ. Domestic deposit growth stood at 3.9% YoY and 1.5% QoQ.</li></ul></div></div></div></div></div></div></div></div></div></div></div></div><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>

NII growth affected due to margin dip: NII growth was weak as NIM (domestic) expansion (YoY) was soft (+3bps YoY) while declining by 15bps QoQ.Growth lagging peers: Gross advances increased by 6.2% YoY and 4.0% QoQ. Growth in domestic advances was 5.6% YoY and 3.4% QoQ.Deposits growth tepid: Overall global deposits increased by 3.6% YoY and 1.7% QoQ. Domestic deposit growth stood at 3.9% YoY and 1.5% 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.

Punjab National Bank - Weak on Multiple Counts

India

Punjab National Bank provides financial services such as corporate and personal banking, industrial finance, agricultural finance, financing of trade and international banking. The Company provides services to domestic conglomerates, medium and small industrial units, exporters, non-resident Indians and multinational companies.

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Punjab National Bank (PNB IN)

Rural India - State-Wise Divergences Evident in Recovery Phase

Rural India’s economic recovery post the COVID-19 pandemic has been a much debated topic over the past year, and rightfully so

HDFC Securities

Punjab National Bank - Weak on Multiple Counts

PNB reported overall weak earnings growth (YoY) due to soft margin expansion, ~35% YoY decline in non-interest revenue and 3.5% YoY increase in...

Nirmal Bang

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