Moneycontrol PRO

Axis Bank Q2: A winner on asset quality, now eyeing growth

Even without factoring in the value of the subsidiaries (that could be a meaningful value driver in future), Axis Bank trades at a discount to its larger private sector peers. We see the valuation gap narrowing with the return of growth

October 27, 2021 / 06:00 PM IST
Axis Bank Q2: A winner on asset quality, now eyeing growth

Axis Bank

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

The Q2FY22 earnings report of Axis Bank (CMP: Rs 842, Market cap: Rs 258,193 crore) showed the bank emerging as a winner in terms of asset quality but lagging in growth. The granular deposit base and the capital cushion provide the arsenal for growth recovery as the economy improves. In the meantime, the bank is leaving no stone unturned to be future ready — spending aggressively on technology and manpower to fortify market share. The stock has underperformed both...

  • PRO Panorama

    Moneycontrol Pro Panorama | New COVID variant gives market a heart attack

    Nov 26, 2021 / 04:18 PM IST

    In today’s edition of Moneycontrol Pro Panorama: Market swoons, the mutating virus, LIC IPO, RIL’s clean energy bet, the Weekly Tactical, the Immunity Tracker, the Ola EV hype and more

    Read Now
  • PRO Weekender

    Moneycontrol Pro Weekender | The Harder They Fall 

    Nov 27, 2021 / 10:05 AM IST

    It’s early days yet, but stock investors are selling first and asking questions later

    Read Now

To read the full story, Subscribe to Moneycontrol PRO

Access the exclusive stories, weekly investment ideas and daily technical calls in an Ad free experience

Already a member? Sign in

Limited Period offer on Moneycontrol PRO. Subscribe to PRO and get up to

50% OFF

What Do You Get

  • Ad free experience

    Experience a non-intrusive navigation and faster response in the ad free mode

  • Sharpest Opinions

    Access to 230+ exclusive stories per month from our editorial and Experts

  • +

    Have a Global edge with access to content from world renowned experts and journalist

  • Actionable Insights

    Access to 40+ weekly investment ideas including 4 daily technical calls

  • Virtual Events

    Exclusive access to live webinars from market experts on trading and investment strategies

  • Newsletters

    Daily and weekly insights bundled and sent to your inbox to keep you ahead in the race.

Get upto 50% discount on limited period offers