We advise traders to accumulate the stock in the range of ₹90 – 92 with a stop loss of ₹81 (daily closing basis) for an upside target of ₹111, brokerage firm Anand Rathi said in its note.
AU Small Finance Bank: The lender reported mixed Q4 performance with profit declining 12.7 per cent, while asset quality at the lender improved. Citi and Nomura both raised target on the stock.
Bain Capital sold a 1.1% stake in Axis Bank for Rs 3,500 crore in a block deal. BofA Securities issued a term sheet, wherein Integral Investments South Asia IV, BC Asia Investments VII & III were looking to offload shares.