Axis Bank shares edge up ahead of Q4 numbers

NEW DELHI: Shares of Axis Bank were trading with mild gains in morning trade on Thursday, ahead of March quarter earnings.

The private lender is likely to swing back into the black in March quarter on the back of strong loan growth and lower provisioning for bad loans.

According to Motilal Oswal, the country's third largest private bank may report a profit of Rs 1,518.50 crore compared with a Rs 2,188.70 crore loss reported for the year-ago period.

Kotak Institutional Equities expects Axis Bank to post an adjusted profit of Rs 1,588.10 crore from the loss a year ago, backed by 14 per cent loan growth with a greater focus on retail.

Shares of Axis Bank traded 0.21 per cent up at Rs 754.20 around 9:55 am on BSE.