ICICI Direct's research report on Axis Bank
Axis Bank is the third largest private sector bank in India with a balance sheet size of Rs 12.2 lakh crore as on December 2022. The bank has a large footprint across India with 4849 branches • Retail and SME comprise ~67% of total loans.
Outlook
Thus, we maintain our BUY rating. We continue to value Axis Bank at ~2.1x FY25E ABV and maintain our target price at Rs 1100 per share.
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.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
