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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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Indigo Paints IPO kicks off: Can this issue deliver solid returns?


Indigo Paints IPO kicks off: Can this issue deliver solid returns?
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Indigo Paints public offer includes a fresh issue stocks aggregating to Rs 300 crore.
Indigo Paints IPO kicks off: Issue subscribed 1.9 times on day 1, HNIs portion fully booked
NEW DELHI: Indigo Paints initial public offer (IPO) opened for subscription on Wednesday. The IPO has come at a time when the offering of IRFC is already under way, and the one of Home First Finance is all set to hit the market on Thursday.
The Indigo Paints IPO is being priced at Rs 1,488-1,490 and comprises fresh issuance of stocks aggregating to Rs 300 crore and an offer-for-sale of up to 58,40,000 equity shares. Ahead of its IPO, the Sequoia Capital-backed paints maker raised Rs 348 crore from 25 anchor investors at Rs 1,490 per share. ....

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