See 10-15% upside in Axis Bank: TS Harihar

See 10-15% upside in Axis Bank, says TS Harihar, ICICI Securities.

Harihar told CNBC-TV18, "We do like Axis Bank quite a lot. Bank Nifty may be a slightly more tricky game because for the bank Nifty to go up apart from the two private banks, a whole bunch of PSU banks need to start performing better and that visibility doesn’t exist at this point of time."

He further added, "We still believe that Axis Bank is a wonderful stock with another 10-15 percent upside potential, great accumulation happening, lower puts getting written and still very attractive compared to HDFC Bank which is probably the same net margins but quoting at twice the price to book. So Axis Bank as a stock looks great but bank Nifty I would be a little hesitant to take a call because the PSU banks I don’t think are still showing any price visibility at this point of time."