Buy Axis Bank; target of Rs 1100: ICICI Direct

ICICI Direct is bullish on Axis Bank recommended buy rating on the stock with a target price of Rs 1100 in its research report dated March 02, 2023.

Broker Research

March 03, 2023 / 13:30 IST

26 Aug, 2025 12:21

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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

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Axis Bank - 03 -03 - 2023 - icici

Broker Research

first published: Mar 3, 2023 01:30 pm

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