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)

ICICI Bank (ICICIBC IN / IBN US) Earnings Preview: Strong Track Record Points to Post-Result Gains

HDFC Bank (HDFCB IN) Set to Report Q2 Results Ahead of Diwali Break

HDFC Bank (HDFCB IN) Tactical Outlook: Time to Lock In Gains

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>NIM Compression Lower on Changed Methodology: The bank has changed its NIM computation methodology, wherein it has changed its convention of computation of margins and other return ratios from the actual number of days to the number of months.</li><li>While the change in methodology is unlikely to have a meaningful impact on the reported NIMs, it evens out any quarterly volatility due to differences in days in a quarter.</li><li>Resultantly, the NIM compression during the quarter was at 7bps, despite a sharp 33bps contraction in yields and a marginal 3/16bps QoQ drop in CoD/CoF, respectively. </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>

NIM Compression Lower on Changed Methodology: The bank has changed its NIM computation methodology, wherein it has changed its convention of computation of margins and other return ratios from the actual number of days to the number of months.While the change in methodology is unlikely to have a meaningful impact on the reported NIMs, it evens out any quarterly volatility due to differences in days in a quarter.Resultantly, the NIM compression during the quarter was at 7bps, despite a sharp 33bps contraction in yields and a marginal 3/16bps QoQ drop in CoD/CoF, respectively. 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.

ICICI Bank Ltd. - Steady Quarter; Ready to Resume Growth Momentum!