Sell Axis Bank Limited:
Axis Bank Ltd has officially announced a consolidated sales of Rs. 11,788.55 Cr for the third quarter finished on 31-12-2020, which is 5.02% up from its previous quarter sales of Rs. 12,411.79 Cr and 5.86% up from its previous year same quarter sales of Rs. 12,522.65 Cr. The company has reported net profit after tax of Rs. 1,334.84 Cr in the previous quarter.
Outlook:
Axis Bank Ltd: Experts suggested sell call at current market price: Rs. 720.15 with a target price: Rs. 680; Stoploss: Rs. 741.
Buy Divi’s Laboratories Limited:
Divi’s Laboratories Ltd has officially announced a consolidated sales of Rs. 1,701.44 Cr for the third quarter finished on 31-12-2020, which is 2.74% up from its previous quarter sales of Rs. 1,749.30 Cr and 21.86% up from its previous year same quarter sales of Rs. 1,396.26 Cr. The company has reported net profit after tax of Rs. 470.62 Cr in the previous quarter.
Outlook:
Divi’s Laboratories Ltd: Experts suggested buy call at current market price: Rs. 61.45 with a target price: Rs. 120; Stoploss: Rs. 35.
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