External broker reports(aggregated public sources), Axis Direct

Axis Direct

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External broker reports(aggregated public sources)

Bajaj Finance (BAF): A Sustained Growth Powerhouse

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

<ul><li>Healthy operating metrics: BAF added 3.85 Mn customers (+24/8% YoY/QoQ) during the qtr. vs 3.1/3.6 Mn customer YoY/QoQ, taking the total customer base to 80.4 Mn customers (+22/5% YoY/QoQ).</li><li>The company booked ~9.9 Mn loans during the qtr (+26/15% YoY/QoQ).</li><li>The management had guided to add 13-14 Mn customers in FY24 thereby exiting with a customer base of 82.5-83 Mn customers.</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>

Healthy operating metrics: BAF added 3.85 Mn customers (+24/8% YoY/QoQ) during the qtr. vs 3.1/3.6 Mn customer YoY/QoQ, taking the total customer base to 80.4 Mn customers (+22/5% YoY/QoQ).The company booked ~9.9 Mn loans during the qtr (+26/15% YoY/QoQ).The management had guided to add 13-14 Mn customers in FY24 thereby exiting with a customer base of 82.5-83 Mn customers.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.

Bajaj Finance Ltd. - Calibrated Growth Approach to Maximize Return Ratios, Maintain BUY