ReutersPrabhudas Lilladher has buy call on with a target price of Rs 940. The current market price of Axis Bank is Rs 742.85 the time period given by analyst is one year when Axis Bank price can reach defined target.
Axis Bank, incorporated in the year 1993, is a banking company (having a market cap of Rs 227101.69 Crore).
It's key products/revenue segments include interest & discount on advances & bills, income from investment, interest and interest on balances with RBI and other inter-bank funds for the year ending March 31, 2022.
Financials
For the quarter ended June 30, 2022, the company has reported a consolidated total income of Rs 22686.46 crore, down -1.37 per cent from last quarter total income of Rs 23000.69 crore and up 11.84 per cent from last year same quarter total income of Rs 20285.41 crore. The bank has reported net profit after tax of Rs 4380.59 crore in latest quarter.
Investment Rationale
Credit growth was sluggish as corporate and SME declined, whileretail growth held up Bank would continue lending aggressively to retailunsecured segment and mid-corporate segment. NIMs are expected toremain range bound. Overall stress book has been gradually reducing.
Promoter/FII Holdings
Promoters held 9.7 per cent stake in the company as of 30-Jun-2022, while FIIs owned 51.35 per cent, DIIs 26.7 per cent.
Axis Bank, incorporated in the year 1993, is a banking company (having a market cap of Rs 227101.69 Crore).
It's key products/revenue segments include interest & discount on advances & bills, income from investment, interest and interest on balances with RBI and other inter-bank funds for the year ending March 31, 2022.
Financials
For the quarter ended June 30, 2022, the company has reported a consolidated total income of Rs 22686.46 crore, down -1.37 per cent from last quarter total income of Rs 23000.69 crore and up 11.84 per cent from last year same quarter total income of Rs 20285.41 crore. The bank has reported net profit after tax of Rs 4380.59 crore in latest quarter.
Investment Rationale
Credit growth was sluggish as corporate and SME declined, whileretail growth held up Bank would continue lending aggressively to retailunsecured segment and mid-corporate segment. NIMs are expected toremain range bound. Overall stress book has been gradually reducing.
Promoter/FII Holdings
Promoters held 9.7 per cent stake in the company as of 30-Jun-2022, while FIIs owned 51.35 per cent, DIIs 26.7 per cent.
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