StocksMarket.in

Buy Axis Bank; target of Rs 860: Sharekhan

September 19
14:25 2019

Sharekhan’s research report on Axis Bank

We continue to view Axis Bank as a potential re-rating candidate backed by its improving asset quality and ability to raise fresh capital at reasonable valuations. Though the road to recovery could be fraught with hurdles (rising risk of slippages from new areas of business), the direction in terms of structural improvement in its balance sheet is expected to remain positive. Consequently, we suggest the use the aberrations like the correction in past few months to accumulate the stock.

Outlook

We maintain our BUY rating on Axis Bank with an unchanged Price target of Rs 860.

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.

Get access to India’s fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code “GETPRO”. Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.

Related Articles

Archives