Aug 29, 2013 06:08 PM IST | Source: CNBC-TV18

Buy Axis Bank at current levels: Nischal Maheshwari

According to Nischal Maheshwari of Edelweiss Financial Services, one may buy Axis Bank at current levels.

Nischal Maheshwari of Edelweiss Financial Services told CNBC-TV18, "At these prices Axis Bank is quoting somewhere lower than one time book. Given that it is still giving around 18 percent kind of an return on equity (RoE) I think it is a very good stock to pick up at these levels."

The share touched its 52-week high Rs 1,549.00 and 52-week low Rs 785.60 on 20 May, 2013 and 28 August, 2013, respectively. Currently, it is trading 45.08 percent below its 52-week high and 8.29 percent above its 52-week low. Market capitalisation stands at Rs 39,902.21 crore.

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