Siddharth Teli, banking analyst at CIMB told CNBC-TV18, "We have an add rating on Axis Bank, in fact that is one of our top picks. It was a good set of numbers in the backdrop of what they were guiding on asset quality fronts. So, both absolute slippages and restructuring were pretty much in line, lower than what the expectations were. More importantly in terms of FY16 guidance they seem to be fairly confident. So the full year stressed asset formation for Axis Bank which was Rs 56 billion odd, they are guiding at a similar number or slightly lower than that. So, that is very encouraging. Fee income trends have also looked good. Attrition across private sector banks has been very good and same has been the case with Axis Bank. So a very good set of numbers indeed and really lower credit cost will translate into higher RoEs."
At 09:39 hrs Axis Bank was quoting at Rs 570.90, up Rs 3.05, or 0.54 percent. It has touched an intraday high of Rs 576.50 and an intraday low of Rs 570.20.
The company's trailing 12-month (TTM) EPS was at Rs 31 per share. (Mar, 2015). The stock's price-to-earnings (P/E) ratio was 18.43. The latest book value of the company is Rs 161.06 per share. At current value, the price-to-book value of the company was 3.55.
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