Watch sustainability champions reveal key solutions, innovations accelerating India's SDGs at ‘The Sustainability 100+ Dialogues 2021’-Haryana Roundtable on March 5 at 12pm
you are here: HomeNewsBusiness

Buy Axis Bank; target of Rs 800: Sharekhan

Sharekhan is bullish on Axis Bank has recommended buy rating on the stock with a target price of Rs 800 in its research report dated January 27, 2021.

January 29, 2021 / 07:12 PM IST
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Sharekhan's research report on Axis Bank


Operational performance was in line with expectations; PAT hit by elevated provisions and slower growth in advances. Asset quality improved q-o-q; front-loading of Provisions (on proforma basis) augurs well for long term; aggregate basis provision coverage is at 116% of GNPA. Management’s growth commentary on FY22E growth offers confidence; stock trades at 2x / 1.8x FY2022E / FY2023E ABVPS.


Outlook


We maintain a Buy rating on stock with a revised price target (PT) of Rs. 800.


For all recommendations report, click here


Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Broker Research
first published: Jan 29, 2021 07:12 pm

stay updated

Get Daily News on your Browser
Sections