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

<ul><li>Asset Quality Metrics at Pre-Crisis Levels; Credit Costs to Decline Meaningfully: CAGrameen’s asset quality metrics continued their improvement trajectory, with X-bucket CE recovering to pre-crisis levels and fresh PAR accretion moderating significantly, reflecting the efforts of the company’s intensified collections and risk-monitoring mechanism.</li><li>In FY26, credit costs settled slightly higher at 6.74%, ahead of management guidance of 5.5-6%, of which 6.1% was attributable to fresh PAR formation and 0.64% to an incremental increase in ECL provisioning rates as the company evolved its provisioning model.</li><li>CAGrameen has transitioned to a more comprehensive ECL framework, incorporating long-term historical performance data, multiple business cycles, and forward-looking macro variables (West Asia Crisis and Potential Heatwaves), resulting in an incremental provisioning of Rs 39 Cr during Q4. </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>

Asset Quality Metrics at Pre-Crisis Levels; Credit Costs to Decline Meaningfully: CAGrameen’s asset quality metrics continued their improvement trajectory, with X-bucket CE recovering to pre-crisis levels and fresh PAR accretion moderating significantly, reflecting the efforts of the company’s intensified collections and risk-monitoring mechanism.In FY26, credit costs settled slightly higher at 6.74%, ahead of management guidance of 5.5-6%, of which 6.1% was attributable to fresh PAR formation and 0.64% to an incremental increase in ECL provisioning rates as the company evolved its provisioning model.CAGrameen has transitioned to a more comprehensive ECL framework, incorporating long-term historical performance data, multiple business cycles, and forward-looking macro variables (West Asia Crisis and Potential Heatwaves), resulting in an incremental provisioning of Rs 39 Cr during Q4. 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.

CreditAccess Grameen Ltd - Strong All-Round Performance; Earnings Recovery Poised to Accelerate