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)

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>Gold Loan Business – FY24 is expected to play out better for the gold loan business.</li><li>As the RBI revised its GDP growth estimates upwards from 6.5% to 7% for FY24, it will lead to higher disposable income, thereby resulting in an increase in discretionary spending.</li><li>Further, geopolitics, lower interest rates, and continued buying by central banks would act as tailwinds for the gold loan sector. </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>

Gold Loan Business – FY24 is expected to play out better for the gold loan business.As the RBI revised its GDP growth estimates upwards from 6.5% to 7% for FY24, it will lead to higher disposable income, thereby resulting in an increase in discretionary spending.Further, geopolitics, lower interest rates, and continued buying by central banks would act as tailwinds for the gold loan sector. 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.

Manappuram Finance Ltd. - AUM Growth Momentum to Remain Robust; Maintain BUY!