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Axis Bank shares advance over 5% post Q4 results

The stock advanced 5.19 per cent to Rs 1,119 on the BSE. At the NSE, it climbed 5.29 per cent to Rs 1,119.50 apiece. ....

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Axis Bank Q2 Result: Bank reports net profit jump by 70 % at Rs 5,330 crore in July-September quarter of FY23

The country s third largest private lender Axis Bank had posted a net profit of Rs 3,133.32 crore in the year-ago quarter. ....

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Axis Bank Q2 results: Lender reports all-time high quarterly profit at Rs 3,133 cr

The bank’s net interest income grew 8 per cent YOY to Rs 7,900 crore from Rs 7,326 crore in Q2 FY21. ....

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Axis Bank stock at Rs 1,000? Analysts raise targets despite Q3 earnings miss

Axis Bank stock at Rs 1,000? Analysts raise targets despite Q3 earnings miss
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CLSA has a target price of Rs 1,000 for the Axis Bank stock.
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NEW DELHI: Axis Bank s decline in net profit for the December quarter might have disappointed investors, but a host of brokerages have upped their targets on the stock. Analysts found comfort in the bank s reasonable cushion on identified stress assets, low restructuring and growth in retail loans. They see low cost of funding and improvement in the net interest margin (NIM) ahead.
CLSA has been among the most optimistic. It has a target of Rs 1,000 for the stock, as it noted that core pre-provision operating profit was hit by many one-offs and that the quarter saw low new stress formation. ....

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