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>Demand in core markets remains strong – The management has indicated that the demand in the core states of Tamil Nadu (TN), Andhra Pradesh (AP), Telangana (TL) and Karnataka (KA) continues to remain encouraging given the under-penetration in these markets and the large un/underserved demand.</li><li>It remains confident of delivering a 25-30% AUM growth over the next 3-5 years. Aptus will strategically focus on the core markets of KA and TL to improve its penetration and will also look to strengthen its presence in one of the new markets (Odisha) by gradually adding branches.</li><li>Home Loans and Business Loans (SME) will continue to remain key growth drivers. We expect Aptus to deliver a robust AUM growth of ~28% CAGR over FY23-25E.</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>

Demand in core markets remains strong – The management has indicated that the demand in the core states of Tamil Nadu (TN), Andhra Pradesh (AP), Telangana (TL) and Karnataka (KA) continues to remain encouraging given the under-penetration in these markets and the large un/underserved demand.It remains confident of delivering a 25-30% AUM growth over the next 3-5 years. Aptus will strategically focus on the core markets of KA and TL to improve its penetration and will also look to strengthen its presence in one of the new markets (Odisha) by gradually adding branches.Home Loans and Business Loans (SME) will continue to remain key growth drivers. We expect Aptus to deliver a robust AUM growth of ~28% CAGR over FY23-25E.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 Runway