Buy Axis Bank, target price Rs 1130: BNP Paribas

Buy Axis Bank, target price Rs 1130: BNP Paribas
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Synopsis

Axis Bank Ltd. 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 31-Mar-2022.

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.
has buy call on . with a target price of Rs 1130.0. The current market price of Axis Bank Ltd. is Rs 785.

Axis Bank Ltd., incorporated in the year 1993, is a banking company (having a market cap of Rs 239494.92 Crore).

Axis Bank Ltd. 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 31-Mar-2022.


Financials
The Bank has reported Standalone Non Performing Assets (Gross NPAs) at .00 % of total assets and Standalone Net Non Performing Assets (Net NPAs) at .00% of total assets for the quarter ending #LatestQuarterDate.

For the quarter ended 30-06-2022, the company has reported a Consolidated Total Income of Rs 22686.46 Crore, down -1.37 % from last quarter Total Income of Rs 23000.69 Crore and up 11.84 % 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.

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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