Moneycontrol
Last Updated : Sep 07, 2018 11:15 AM IST | Source: Moneycontrol.com

Buy Axis Bank with 10% return, says Shailendra Kumar

Advances have grown at an average rate of 17 percent in past 4 quarters with increasing share of retail advances to 48 percent.

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Shailendra Kumar

Narnolia Financial Advisors

In Axis Bank we believe that rating downgrade cycle has now normalised. Pool BB and below (potential stress pool) portfolio has declined to 2.1 percent against 7 percent in FY16 which shows most of the pain has been recognised.

Advances have grown at an average rate of 17 percent in past 4 quarters with increasing share of retail advances to 48 percent. RoE/RoA is expected to

improve to 16 percent/1.4 percent in FY20. Our near term target is Rs 710.

Disclaimer: The views and investment tips expressed by investment expert on Moneycontrol.com are his own and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
First Published on Sep 7, 2018 11:15 am
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