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>Credit Costs to Decline Led by MFI Recovery: IDFCFB’s credit costs tapered QoQ, led by improvement in MFI slippages from Rs 249 Cr in Q2 to Rs 153 Cr in Q3.</li><li>The bank also utilised provisions to the tune of Rs 75 Cr to account for the lower MFI stress during the quarter.</li><li>The MFI portfolio asset metrics are showing signs of recovery with CE nearing pre-downcycle levels. </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>

Credit Costs to Decline Led by MFI Recovery: IDFCFB’s credit costs tapered QoQ, led by improvement in MFI slippages from Rs 249 Cr in Q2 to Rs 153 Cr in Q3.The bank also utilised provisions to the tune of Rs 75 Cr to account for the lower MFI stress during the quarter.The MFI portfolio asset metrics are showing signs of recovery with CE nearing pre-downcycle levels. 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.

IDFC First Bank Ltd.  - Lower Credit Costs + Improving Opex Ratios = 1.2% RoA by FY28E