External broker reports(aggregated public sources), Axis Direct

Axis Direct

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

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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

Aptus Value Housing Finance India / Equity Bottom-Up

Aptus Value Housing Finance India (APTUS IN)

<ul><li>Geographic footprint expansion and improving branch productivity to drive growth: Aptus’ strategy to penetrate deeper in existing geographies and improve its geographic footprint, offers the company a strong growth runway.</li><li>The management indicated that the company will continue to add 35-40 branches each year over the medium term, primarily in the newer states (10 branches each) in Maharashtra (MH), Odisha (OD) and deepen its presence in existing markets of Karnataka (KA) and Telangana (TL).</li><li>Additionally, in the core state of Tamil Nadu (TN), with the concerns around employee attrition easing, the company will look at resuming growth, eyeing an exit AUM growth rate of 15% in FY25 and adding ~6 branches in FY26. </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>

Geographic footprint expansion and improving branch productivity to drive growth: Aptus’ strategy to penetrate deeper in existing geographies and improve its geographic footprint, offers the company a strong growth runway.The management indicated that the company will continue to add 35-40 branches each year over the medium term, primarily in the newer states (10 branches each) in Maharashtra (MH), Odisha (OD) and deepen its presence in existing markets of Karnataka (KA) and Telangana (TL).Additionally, in the core state of Tamil Nadu (TN), with the concerns around employee attrition easing, the company will look at resuming growth, eyeing an exit AUM growth rate of 15% in FY25 and adding ~6 branches in FY26. 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.

Aptus Value Housing Finance Ltd - Strong Growth Delivery to Continue; Maintain BUY!a