Hold Axis Bank , says Sharmila Joshi of Fairwealth Securities.
Joshi told CNBC-TV18, "Axis Bank is a definite hold. As you said numbers were better than market expectation. Asset quality will always be a concern; we have seen banks for instance if you were to take the example ICICI Bank they went through so many bad quarters, they could come out of it. I don't think it is as bigger concern for Axis Bank and really after this quarter's numbers everybody is also looking at how the kind of gap has opened between HDFC Bank and Axis Bank."
The company's trailing 12-month (TTM) EPS was at Rs 82.46 per share. (Sep, 2011). The stock's price-to-earnings (P/E) ratio was 13.52. The latest book value of the company is Rs 460.42 per share. At current value, the price-to-book value of the company was 2.42. The dividend yield of the company was 1.26%.
