Axis Bank shares hit a record high after it delivered a stellar performance in the second quarter. Momentum in loan growth, traction in fees, control over costs and improvement in asset quality led to a surge in profit. The lender’s earnings growth trajectory looks strong, aided by improving macro and rapid market share gains. In fact, the stock trades at over 25 percent discount to its peers and there seems to be enough headroom for re-rating. Should you consider buying the stock now? Watch this video to find out!
first published: Oct 25, 2022 08:37 am
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