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Axis Bank Q1 FY24 – Steady show, set to close the valuation gap with peers

Madhuchanda Dey   •

With adequate capital, the earnings trajectory looks to be healthy and return ratios should improve further

The bank is well-capitalised and has a strong growth journey ahead. This should support improving return ratios and help close the 20 percent valuation discount to peers

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This Research Report / Research Recommendation has been published by Moneycontrol Dot Com India Limited (hereinafter referred to as “MCD”) which is a registered Investment Advisor under the Securities and Exchange Board of India (Investment Advisers) ...Read More