Buy Axis Bank Ltd. at a price target of Rs 720.0 and a stoploss at Rs 662 from entry point. ETMarkets.com|Updated: Aug 27, 2019, 09.01 AM ISTIndependent analyst Kunal Bothra has a buy call on Axis Bank Ltd. with a target price of Rs 720. The current market price of Axis Bank Ltd. is Rs 683.65. Time period given by analyst is Intra Day when Axis Bank Ltd. price can reach defined target. Kunal Bothra recommended to keep stoploss at Rs 662. Axis Bank Ltd., incorporated in 1993, has a market cap of Rs 179118.08 crore.
Axis Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills which contributed Rs 41322.02 Crore to Sales Value (75.15 % of Total Sales), Income From Investment which contributed Rs 11349.07 Crore to Sales Value (20.64 % of Total Sales), Interest which contributed Rs 1621.33 Crore to Sales Value (2.94 % of Total Sales) and Interest On Balances with RBI and Other Inter-Bank Funds which contributed Rs 693.35 Crore to Sales Value (1.26 % of Total Sales)for the year ending 31-Mar-2019.
The Bank has reported a Gross Non Performing Assets (Gross NPAs) of Rs .00 Crore (.00 % of total assets) and Net Non Performing Assets (Net NPAs) of Rs .00 Crore (.00% of total assets). For the quarter ended 30-06-2019, the company has reported a Consolidated Interest Income of Rs 11727.25 Crore, up 2.86 % from last quarter Interest Income of Rs 11401.16 Crore and up 19.37 % from last year same quarter Interest Income of Rs 9824.55 Crore. The bank has reported net profit after tax of Rs 1262.98 Crore in latest quarter.
Read this article in :HindiAlso ReadSell NMDC, target Rs 82: Kunal BothraSell HPCL, target Rs 234: Kunal BothraBuy Vedanta, target Rs 178: Kunal BothraBuy Vedanta, target Rs 175: Kunal BothraThere could be more pain left for the indices: Kunal BothraCommenting feature is disabled in your country/region.Disclaimer: This recommendation is analyst’s own and does not represent those of economictimes.com & ETMarkets.com. Please consult your financial advisor before taking any position in the stock/s mentioned.Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service