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. 

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.

External broker reports(aggregated public sources)

HDFC Bank (HDFCB IN): Underperformance Turns into an Overweight Signal

Relative Value Opportunities in Asia-Pac, Pair Trade Roundup (16 Feb 2026)

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>Growth Outlook Remains Buoyant; LDR Improvement on Track: The management remains confident on the medium-term growth trajectory, with LDR normalisation to near pre-merger levels and confidence of delivering better-than-system credit growth in FY27.</li><li>The management does not intend to sacrifice profitable growth to achieve the targeted LDR and has expressed confidence in LDR trending directionally downwards.</li><li>For FY26, the management is comfortable operating within a 90-96% band, while maintaining credit growth broadly in line with the system. </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>

Growth Outlook Remains Buoyant; LDR Improvement on Track: The management remains confident on the medium-term growth trajectory, with LDR normalisation to near pre-merger levels and confidence of delivering better-than-system credit growth in FY27.The management does not intend to sacrifice profitable growth to achieve the targeted LDR and has expressed confidence in LDR trending directionally downwards.For FY26, the management is comfortable operating within a 90-96% band, while maintaining credit growth broadly in line with the system. 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.

HDFC Bank Ltd - Growth Momentum to Improve; LDR to Touch Pre-Merger Levels by FY27!