Shares of Axis Bank Ltd fall as much as 2.7 pct; top pct loser on NSE index.

India's third-biggest private sector lender by assets reported a 43 pct fall in Q4 profit on Wednesday.

Bank adds 48.1 bln rupees of bad loans to existing pile in March qtr, taking the total to 212.8 bln rupees ($3.32 bln).

Axis Bank has not provided guidance on F2018 slippages, but its specific credit cost guidance is high, implying high slippages or low recoveries or both - Morgan Stanley.

Jefferies analysts say general provisioning could inch up through FY18 across all stressed sectors.



Out of 51 brokerages, 17 rate the stock "buy" or higher, 17 "hold" and 17 "sell" or lower.

Up to Wednesday's close, stock had risen about 15 pct this year compared with a 22 pct increase in the Nifty bank index.

($1 = 64.0850 Indian rupees)

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