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

Ujjivan Small Finance Bank  / Equity Bottom-Up

Ujjivan Small Finance Bank  (UJJIVANS IN)

<ul><li>PAR Accretion Tapering: The PAR accretion (in Group Loans) has been consistently moderating over the past 2 quarters.</li><li>The PAR inch-up seen in Q1 can be attributed to the ARC sale done in Q4FY25, resulting in PAR looking optically meaningfully lower.</li><li>However, adjusting for the ARC, the PAR has improved, supported by better X-bucket Collection trends, which have been consistently maintained at ~99.4% since May’25. </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>

PAR Accretion Tapering: The PAR accretion (in Group Loans) has been consistently moderating over the past 2 quarters.The PAR inch-up seen in Q1 can be attributed to the ARC sale done in Q4FY25, resulting in PAR looking optically meaningfully lower.However, adjusting for the ARC, the PAR has improved, supported by better X-bucket Collection trends, which have been consistently maintained at ~99.4% since May’25. 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.

Ujjivan Small Finance Bank Ltd. - MFI Stress Peaks Out