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Axis Bank re-rating to continue on steady NIMs, cheap valuation: Analysts

Re-rating of Axis Bank s stock may continue in the near-future, believe analysts, as the risk-reward on the stock remains favourable amid healthy financials.

The bullish stance comes after the Mumbai-based lender delivered a strong outperformance in the March quarter of fiscal year 2023-24 (Q4FY24) on core pre-provision profit and net profit, with improving asset quality.

Axis Bank s net interest margin (NIM) expanded, against expectations, even in a tough market. ....

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SBI cards on delinquency trends in card payments in Q4FY2023-24

SBI cards on delinquency trends in card payments in Q4FY2023-24
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Mid-Day Mood | Indices trade lower as consolidation continues, Nifty falls below 19,500

Though crude prices eased a bit on Monday, Brent and WTI contracts still remain elevated above $90 per barrel. On the other hand, US 10-year yield hovers near the 5 percent mark, making the case for equities weaker ....

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