Axis Bank - Long Term Stock Pick
- Recommended By: Angel Securities
- CMP: Rs 1233.40
- Target Price: Rs 1459
Experts’ Opinion about Axis Bank
- Axis Bank’s Net profit has recorded a growth of 31.5% compared to last fiscal year. Lesser than expected NPAs is also a cntributing factor to this growth.
- In the core business growth, advances have grown by 27.9% and deposits have grown by 20.4%
- Compared to last quarter deposits in curent accounts and savings accounts have improved a lot.
- Good growth levels in Non-Interest incomes and expansion in retail network are the long term advantageous factors to the bank.
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