Axis Bank Ltd.

NSE: AXISBANK | BSE: 532215 | ISIN: INE238A01034 | Industry: Banks
| Mid-range Performer

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Axis Bank Ltd.
02 Nov 2018
1196.30
3.22%

Axis Bank

Centrum Broking
We retain HOLD on Axis Bank with TP revised upwards to Rs560 (valued at 2x FY20E ABV) . Q2'19 results were in-line with our estimates on revenue / operating front. Slippages came in lower (2.4% of loans); provision coverage therein has improved further. The share of vulnerable pool is now at a meagre 1.7% of customer assets and provides greater comfort. Capital position remains strong and will cushion asset growth in the credit up-cycle. While we see levers in place, we would await for better clarity on long-term growth strategy for the bank under the leadership of the new management (change of guard will be effective from...
Axis Bank Ltd. has an average target of 1314.36 from 14 brokers.
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