Axis Bank share price

Axis Bank on October 20 posted a 70 percent year-on-year rise in net profit for the September quarter at Rs 5329.77, beating estimates.

We recommend buy with a potential upside of 22 percent from current levels. Gains are likely to sustain and push up pre-provision operating profit-return on asset. We reiterate our buy rating with a target price of Rs 975 (2.0x FY24 adjusted book value) With high provision coverage ratio and a strong balance sheet, the bank can absorb shocks from any unanticipated future risk. Business growth recovered in the quarter under review after a sequential decline in the previous quarter. Net interest income went up 31 percent year on year to Rs 10,360.3 crore.

Axis Bank stock touched a high of Rs 879.95, gaining 5.77 per cent on BSE. Market cap of the bank rose to Rs 2.68 lakh crore.

The bank has cumulative provisions of 134 per cent of gross non-performing NPA, which provides comfort on asset quality and earnings volatility," said ICICIdirect. ICICIdirect is focusing more on the retail segment, which has a share of nearly 60 per cent (primarily mortgage loans). "We reiterate BUY rating on Axis Bank with a revised price target of Rs 1135: We had placed Axis Bank as the top pick for the first time in our report dated May 2022. We assign a value of Rs 120 per share to the subsidiaries, on SOTP," the brokerage said. Axis Bank stock touched a high of Rs 879.95, gaining 5.77 per cent on BSE. Axis Bank shares rose to their all-time high in early trade today after the lender reported a 70 per cent year-on-year (YoY) rise in net profit for the quarter ended September 2022.

Axis Bank shares hit a record high of Rs 879.95 on the BSE on Friday, surging 7 per cent in the intra-day trade, after the bank beat Street's September ...

Subscribe to Business Standard Premium The stock of private sector lender surpassed its previous high of Rs 866.60, touched on October 25, 2021. - Preferential invites to Business Standard events.

Axis Bank has reported a solid 70% rise in its net profit in the July-September 2022 period, beating estimates.

- Axis AMC - Axis AMC’s average AUM for the September quarter grew by 4% year-on-year to 2.48 lakh crore. The bank’s advances grew 18% year-on-year to Rs 7.31 lakh crore at the end of the September quarter. Gross slippages during the September quarter were Rs 3,383 crore, compared to Rs 3,684 crore in Q1FY23 and Rs 5,464 crore in Q2FY22. For the quarter ending June, the Bank had 10,043 ATMs and cash recyclers spread across the country. Net interest margin (NIM) for the September quarter came in at 3.96%, up 57 basis points year-on-year and 36 basis points sequentially. Provisions: Specific loan loss provisions for Q2FY23 were Rs 751 crore compared to Rs 927 crore in Q2FY22. Recoveries and upgrades from NPAs during the June quarter were Rs 2,826 crore. The ratio of current account and savings account deposits stood at 46%, up 172 basis points compared to a year ago. Overall, non-interest income (comprising fee, trading profit, and miscellaneous income) for Q2FY23 stood at Rs 3,941 crore. Net interest income (NII) for the bank rose 31% year-on-year to Rs 10,360 crore compared with analysts' estimate of Rs 10,180 crore. Net interest income rises: Axis Bank's primary business is to borrow money and lend the same at a higher rate. It is above the Edelweiss expectation of Rs 4,690 crore.

Analysts have raised xtheir earnings estimates for Axis Bank, after better-than-expected profit in the July-September quarter.

Net NPA ratio, too, dropped to 0.51%, compared with 0.64% as of Sept. Asset quality metrics improved, as the gross non-performing asset ratio fell 26 basis points sequentially, to 2.5%. Analysts polled by Bloomberg had estimated a net profit of Rs 4,445 crore for the second quarter. [reported](https://www.bqprime.com/business/axis-bank-q2-results-net-profit-up-70) a net profit of Rs 5,330 crore, up 70% year-on-year as provisions fell and net interest income rose 31%. Estimate Axis Bank to deliver return on assets and return on equity of 1.8% and 18.1% respectively in FY24. Expect deposit growth to pick up by the second half of FY23, as the benefits of higher deposit rates play out.

8% चढ़ा Axis बैंक का स्टॉक, अगली दिवाली तक 1150 रुपये के पार जाएगा भाव! चालू वित्त वर्ष की ...

8% चढ़ा Axis बैंक का स्टॉक, अगली दिवाली तक 1150 रुपये के पार जाएगा भाव 8% चढ़ा Axis बैंक का स्टॉक, अगली दिवाली तक 1150 रुपये के पार जाएगा भाव! [हिंदी न्यूज़](/) [बिजनेस](/business/)8% चढ़ा Axis बैंक का स्टॉक, अगली दिवाली तक 1150 रुपये के पार जाएगा भाव!

Axis Bank Share Price Today: Axis Bank shares climb to a fresh life-time high of Rs 895.90 apiece on NSE, breaching its previous high of Rs 866.90 per share ...

an investor can keep on accumulating in Rs 850 to Rs 800 range for one year target of Rs 1,170.” We recommend buy with a potential upside of 22 per cent from current levels.” We estimate Axis Bank to deliver FY24 return on assets/equity (RoA/RoE) of 1.8/18.1 percent respectively. So, one can buy the stock at current levels for Rs 920 target keeping the stop loss at Rs 820. In early morning deals, Axis Bank share price today opened with an upside gap and went on to hit a fresh high, rising around 8 per cent from its previous close of Rs 825.85 apiece. Sumeet Bagadia, Executive Director at Choice Broking said, “Axis Bank shares have given breakout at around Rs 865 levels and if the stock gives closing above this level we can expect the stock to go up to Rs 920 apiece levels in the near term.

The net non-performing asset ratio at 0.51% was lower than 0.64% a quarter ago and 1.08% a year ago. The capital adequacy ratio for the private sector ...

The net interest income of Axis Bank grew by 31% on the year to Rs 10,360 crore. The net non-performing asset ratio at 0.51% was lower than 0.64% a quarter ago and 1.08% a year ago. The gross non-performing asset ratio fell to 2.5% in the second quarter of FY23, from 2.76% a quarter ago and 3.53% a year ago. Provisions during the quarter dropped to Rs 550 crore from Rs 1,735 crore a year ago. The fee income registered a growth of 20%. [Sensex](https://economictimes.indiatimes.com/indices/sensex_30_companies)and [Nifty](https://economictimes.indiatimes.com/indices/nifty_50_companies)Track [latest market news](https://economictimes.indiatimes.com/markets/stocks), [stock tips](https://economictimes.indiatimes.com/markets/stocks/recos)and [expert advice](https://economictimes.indiatimes.com/markets/expert-view)on [ETMarkets](https://economictimes.indiatimes.com/markets). The stock has risen nearly 9% in the last six months while it has surged about 25% year-to-date. For fastest news alerts on financial markets, investment strategies and stocks alerts, [subscribe to our Telegram feeds](https://t.me/joinchat/J60pKE7SOStsj5sI8nDmHQ).) Retail loans of the bank grew 22% on the year, while those to small and medium enterprises increased by 28%. As on September 30, Axis Bank wrote-off Covid-19 related loans to the tune of Rs 46.14 crore. The capital adequacy ratio for the private sector lender dipped to 16.52% from 17.28% a quarter ago, and 19.23% a year ago. The net profit of the bank was above the ET Now poll of Rs 4,400 crore.

It carries a provision of 23% on restructured loans, which is in excess of regulatory limits, it said. "Corporate segment has 26 bps of loan book under ...

It has a buy rating with a target price of Rs 950. It has maintained a buy rating on the stock with a target price of Rs 1,150. It carries a provision of 23% on restructured loans, which is in excess of regulatory limits, it said. Restructured book moderated further while higher provisioning buffer provides comfort," it added, reiterating a buy call with a target price of Rs 975. [Sensex](https://economictimes.indiatimes.com/indices/sensex_30_companies)and [Nifty](https://economictimes.indiatimes.com/indices/nifty_50_companies)Track [latest market news](https://economictimes.indiatimes.com/markets/stocks), [stock tips](https://economictimes.indiatimes.com/markets/stocks/recos)and [expert advice](https://economictimes.indiatimes.com/markets/expert-view)on [ETMarkets](https://economictimes.indiatimes.com/markets). "After a return on equity of over 16, the stock is set for rerating." "Loan growth improved during the quarter but liability mobilisation will be key," it added. "Though deposit growth was muted, we expect acceleration by H2." For fastest news alerts on financial markets, investment strategies and stocks alerts, [subscribe to our Telegram feeds](https://t.me/joinchat/J60pKE7SOStsj5sI8nDmHQ).) The future outlook of asset quality is at a manageable level as the strong standard asset coverage is likely to absorb delinquencies from restructuring, it added, with a buy rating and a target price of Rs 1,005. "We retain our Buy rating on the stock with a target price of Rs 1,000 as against Rs 970 earlier." Another foreign broker Morgan Stanley, which also expects the stock to rerate, has an 'overweight' rating with a target price of Rs 1,150.

Another foreign broker Morgan Stanley, which also expects the stock to rerate, has an 'overweight' rating with a target price of Rs 1,150. The Q2 profit of the lender was 21% above our estimates, thanks to a 31% year-on-year (YoY) growth in ...

It has a buy rating with a target price of Rs 950. It has maintained a buy rating on the stock with a target price of Rs 1,150. It carries a provision of 23% on restructured loans, which is in excess of regulatory limits, it said. Restructured book moderated further while higher provisioning buffer provides comfort," it added, reiterating a buy call with a target price of Rs 975. [Sensex](https://economictimes.indiatimes.com/indices/sensex_30_companies)and [Nifty](https://economictimes.indiatimes.com/indices/nifty_50_companies)Track [latest market news](https://economictimes.indiatimes.com/markets/stocks), [stock tips](https://economictimes.indiatimes.com/markets/stocks/recos)and [expert advice](https://economictimes.indiatimes.com/markets/expert-view)on [ETMarkets](https://economictimes.indiatimes.com/markets). "After a return on equity of over 16, the stock is set for rerating." "Loan growth improved during the quarter but liability mobilisation will be key," it added. "Though deposit growth was muted, we expect acceleration by H2." For fastest news alerts on financial markets, investment strategies and stocks alerts, [subscribe to our Telegram feeds](https://t.me/joinchat/J60pKE7SOStsj5sI8nDmHQ).) The future outlook of asset quality is at a manageable level as the strong standard asset coverage is likely to absorb delinquencies from restructuring, it added, with a buy rating and a target price of Rs 1,005. "We retain our Buy rating on the stock with a target price of Rs 1,000 as against Rs 970 earlier." Another foreign broker Morgan Stanley, which also expects the stock to rerate, has an 'overweight' rating with a target price of Rs 1,150.

The buying was buoyed by strong performance in the July-September quarter as the bank reported a 66.29 per cent jump in its consolidated net profit at Rs ...

The third-party service providers that generate these cookies, such as, social media platforms, have their own privacy policies, and may use their cookies to target advertisement to you on other websites, based on your visit to our sites. These cookies collect information about your activities on our sites as well as other sites to provide you targeted advertising. However, this will not prevent the sites from placing further cookies on your device unless and until you adjust your Internet browser setting as described above. If you subscribe to a newsletter or otherwise register with the Sites, these cookies may be correlated to you. Without these essential cookies we may not be able to provide certain services or features and our site will not perform as smoothly for you as we would like. We use persistent cookies to improve your experience of using the sites. However, if you select this setting you may be unable to access certain parts of the sites. Zeenews.com use cookies and other technologies to store information in your web browser or on your mobile phone, tablet, computer, or other devices (collectively "devices") that allow us to store and receive certain pieces of information whenever you use or interact with our zeenews.india.com applications and sites. These third-party service providers use persistent Cookies to help us improve user experience, manage our site content, and analyse how users navigate and utilize the sites. A cookie is a small text file that can be stored on and accessed from your device when you visit one of our sites, to the extent you agree. Likewise, if you share any content on this website through social networks (for example by clicking a Facebook “like” button or a “Tweet” button) you may be sent cookies from these websites. zeenews.india.com understands that your privacy is important to you and we are committed for being transparent about the technologies we use.