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

Cholamandalam Investment and Finance / Equity Bottom-Up

Cholamandalam Investment and Finance (CIFC IN)

<ul><li>Despite Q1 being a seasonally weak quarter, CIFC reported a healthy disbursement growth of 50% YoY led by robust growth across segments, however declined by 4.8% QoQ.</li><li>AUM continued to report strong growth of 40/8% YoY/QoQ, with VF/Home Loans/LAP/New Businesses growing at 28/60/29/286% YoY respectively.</li><li>Margins reported a contraction of 70/50 bps YoY/QoQ due to spike in cost of funds.</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>

Despite Q1 being a seasonally weak quarter, CIFC reported a healthy disbursement growth of 50% YoY led by robust growth across segments, however declined by 4.8% QoQ.AUM continued to report strong growth of 40/8% YoY/QoQ, with VF/Home Loans/LAP/New Businesses growing at 28/60/29/286% YoY respectively.Margins reported a contraction of 70/50 bps YoY/QoQ due to spike in cost of funds.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.

Cholamandalam Invst. & Finance Company Ltd. - Growth Visibility Healthy; Maintain BUY!