Invest in Axis Bank, says Lancelot D'Cunha

Lancelot D'Cunha, CEO at ITI Wealth management told CNBC-TV18, "Axis Bank has been performing well even the non-performing assets (NPAs) have come off, we have seen net interest margins rise in the last quarter and with the economic recovery that we are expecting over the next two years."

He further added, "One will see the business of the bank grow at 20-25 percent on the loan side. So, it is a good stock to be invested in and maybe the investors can increase the quantities every time there is a dip in the market because market could move down more because of global factors as well as fund flows and that may not impact the performance of the bank per se but if you are getting lower valuation then there is always a chance to accumulate and build on the stock because it’s a good company to be invested in."