Axis Bank share Price

2023 - 1 - 24

Post cover — Image courtesy of "Zee Business"

Axis Bank shares fall after strong results. Should you buy, hold or ... (Zee Business)

Axis Bank share price: India's fifth largest lender by market value reported a strong set of quarterly results that beat analysts' estimates, ...

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Axis Bank shares at Rs 1300? Stock sees target revisions after solid ... (Business Today)

Axis Bank's net interest income (NII) for the quarter jumped 32 per cent YoY to Rs 11459 crore, the bank said in a BSE filing. Net interest margin (NIM) for ...

TRENDING Data showed FPIs held 46.71 per cent stake in this bank as of December 31, 2022. We also expect operating leverage to start to kick in and lend support to PPoP growth in the medium term. Sharekhan said there are no asset quality concerns for the bank at least in the near to medium term. "We have raised our earnings estimates and expect the bank to report RoA of 1.8 per cent and ROE of 16.6 per cent by FY25E. Nirmal Bang Institutional Equities said asset quality for the bank improvement, but gross delinquencies and credit cost were impacted by non-recurring/one-time prudent item. This brokerage has a target of Rs 1,130 on the stock. "Axis Bank continued to report strong core profitability (up 53 per cent YoY), supported by robust margin expansion (up 70 bps YoY) and healthy core fees. ROE for the December quarter stood at 19.4 per cent and RoA at 1.9 per cent against average RoA of 1.3 per cent over the last eight quarters. Axis Bank clocked a 62 per cent year-on-year (YoY) surge in net profit at Rs 5,853 crore for the December quarter compared with Rs 3.614 crore in the same quarter last year. "With two strong quarters of core performance and healthy RoA progression, we believe earnings volatility is a thing of the past," said Nuvama Institutional Equities. The lender, analysts said, is focusing on attaining self-sufficiency in capital.

Axis Bank's Q3 earnings beat street's estimates: What should ... (Livemint)

Private lender Axis Bank reported a strong third quarter for FY23 with net interest income (NII) and profitability beating street's estimates.

Axis Bank Ltd (Business Today)

STOCK PERFORMANCE · 1 Day0.23% · 1 Week-0.39% · 1 Month-2.02% · 3 Months12.68% · 6 Months31.86% · 1 Year27.66% · 3 Years8.57% · 5 Years8.76% ...

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Profit-booking in Axis Bank after strong Q3 results, stock slumps 2% (Business Standard)

With Tuesday's decline, the stock price of Axis Bank corrected 6 per cent from its record high level of Rs 970.45, which it had touched on January 4, 2023.

The net NPA ratio, meanwhile, was at 0.47 per cent versus 0.51 per cent a quarter ago and 0.91 per cent a year ago. The restructure book moderated further, while a higher provisioning buffer provided comfort," the brokerage firm said, maintaining a ‘buy’ rating on the stock, with target price of Rs 1,130 per share. [Axis Bank](/topic/axis-bank) corrected 6 per cent from its record high level of Rs 970.45, which it had touched on January 4, 2023. "Asset quality trend continued to improve. On the asset quality front, the bank reported improvement with gross NPA ratio at 2.38 per cent as on December 31, down from 2.5 per cent a quarter ago and 3.17 per cent, a year ago. Asset quality continued to improve, even as slippages increased marginally, compensated by healthy recoveries and upgrades.

Axis Bank December quarter net profit surges by 62% (Economic Times)

Net interest income, which is the difference between interest earned and paid, rose 32% to ₹11459 crore for the quarter under review versus ₹10360 crore ...

[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). [bank](/definition/bank)had reported profits of ₹3,614 crore in the same period last year. The bank has said it will complete the transaction in the last quarter of this fiscal year. As per norms, it will be making a fresh application to the regulators for the purchase of more shares. For fastest news alerts on financial markets, investment strategies and stocks alerts, [subscribe to our Telegram feeds](https://t.me/joinchat/J60pKE7SOStsj5sI8nDmHQ).) Gross non-performing loan ratio improved to 2.38% against 3.17% a year ago. [Royalty Payments to UK Parent in HUL’s Interest](/epaper/delhicapital/2023/jan/23/et-front/royalty-payments-to-uk-parent-in-huls-interest/articleshow/97234174.cms) The reported profits beat Bloomberg consensus estimates that had pegged net [earnings](/topic/earnings)at ₹5,340 crore. "We got better on granular and premium deposits and our credit cards business has delivered industry leading performance for four quarters now." [Q3 Nos Show Fall in Revenue and Profit Growth](/epaper/delhicapital/2023/jan/23/et-front/q3-nos-show-fall-in-revenue-and-profit-growth/articleshow/97234166.cms) Fresh slippages or new additions to bad loans increased sequentially to ₹3,807 crore versus ₹3,383 crore in the September 2022 quarter. [Axis Bank](/topic/axis-bank)reported a 62% rise in its December-quarter profit at ₹5,853 crore as [margins](/topic/margins)expanded to a two-year high and core income grew at a strong pace.

Axis Bank Q3 Review: Healthy Core Income, Interest Margins Drove ... (BQ Prime)

Axis Bank Ltd.'s third-quarter profit beat analysts' estimates, helped by buoyant core income, growth in fee income, and healthy margins, according to ...

Axis Bank's stock was trading at Rs 920.85 per share as of 10:15 AM on January 24, down 1.27% for the day. Axis Bank's total advances grew by 15% year-on-year and stood at Rs 7.62 lakh crore. Analysts polled by Bloomberg had estimated a net profit of Rs 5,342 crore for the third quarter.

Axis Bank shares slip despite strong Q3 earnings. Should you buy ... (Livemint)

Axis Bank posted a 62% surge in net profit during the third quarter ended December 2022, benefitting from the higher net interest income, as the private ...

Axis Bank Share Price: नतीजों के बाद शेयरों में क्या करें (मनी कंट्रोल)

Axis Bank Q3: मुनाफा 62 प्रतिशत बढ़कर 5853 करोड़ रुपये, एसेट क्वालिटी में दिखा सुधार, ऐसे में ...

Brokerages raise Axis Bank target price on Q3 beat but stock down 3 ... (Economic Times)

"Beat was across operating metrics, especially with NIMs soaring as much as 30 bps QoQ to 4.26%," ICICI Securities said. Kotak Institutional Equities, on ...

[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). Axis Bank is a top pick for Nuvama with an increased target of Rs 1,150. They want similar immunity for executives deputed to boards of borrowing firms. (Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. We tweak our estimates slightly and expect Axis Bank to deliver RoA/RoE of 1.9%/17.3% in FY25," it said, while giving a target price of Rs 1,130. The domestic brokerage left its target price unchanged at Rs 1,130 assigning 2.3x FY24E book. "The restructured book moderated further, while a higher provisioning buffer provided comfort. NIMs are primarily aided by rate hikes, and the loan growth at 15% YoY is reasonable but lower relative to largecap peers, said the note. "Axis Bank is broadly delivering closer to its frontline peers. The net interest margins (NIMs), fees, and costs positively surprised the Street. The PAT was 9% above estimates, and the beat was all around. We see a challenging FY2024 for most banks from a NIM contraction perspective, but return ratios are likely to hold up well with negligible downside risks," it said.

Axis Bank margin expansion gets analysts' thumbs up but loan ... (CNBCTV18)

While other analysts said Axis Bank's Q3 results checked all the right boxes, Macquarie red flagged loan growth in comparison to larger peers and weak ...

It explained that strong growth in earning per share (EPS) is led by healthy margin expansion. [Axis Bank’s Q3 results](https://www.cnbctv18.com/earnings/axis-bank-q3-net-profit-beats-forecast-with-62-percent-surge-15744421.htm)checked all the right boxes, leading brokerage Macquarie has red flagged its loan growth in comparison to larger peers and weak liabilities franchise, meaning fewer retail deposits, as concerns. Axis Bank shares traded lower Tuesday even as analysts lauded the lender’s margin expansion and profit and net interest income beat in the October to December 2022 period.

Axis Bank: 1300 तक जाएगा इस बैंक का शेयर? अभी है 925 रुपये कीमत (आज तक)

दिसंबर की तिमाही में एक्सिस बैंक का प्रदर्शन शानदार रहा था. इसे देखते हुए ब्रोकरेज ...

एमके ग्लोबल ने एक्सिस बैंक के स्टॉक पर अपना टार्गेट प्राइस 1,110 रुपये से बढ़ाकर 1,300 रुपये कर दिया है. ये 2.5 फीसदी से सुधरकर 2.38 फीसदी हो गया है. इस ब्रोकरेज हाउस ने शेयर पर 1,130 रुपये का टार्गेट प्राइस रखा है. मोतीलाल ओसवाल ने कहा कि एक्सिस बैंक ने स्थिर प्रदर्शन किया है. ब्रोकरेज ने स्टॉक पर अपना टार्गेट प्राइस 1,000 रुपये से बढ़ाकर 1,150 रुपये कर दिया गया है. उनका कहना है कि एक्सिस बैंक का शेयर 1,000 के आंकड़े को पार कर जाएगा.

Axis Bank में कमाई का मौका, मिल सकता है 40% रिटर्न, नतीजों के बाद ... (Financial Express (Hindi))

Buy Axis Bank Share: एक्सिस बैंक के तिमाही नतीजों के बाद ब्रोकरेज हाउस शेयर को लेकर बुलिश हैं.

ब्रोकरेज हाउस मोतीलाल ओसवाल ने Axis Bank में BUY रेटिंग दी है और 1130 रुपये का टारगेट रखा है. (Disclaimer: स्टॉक में निवेश की सलाह ब्रोकरेज हाउस के द्वारा दी गई है. ब्रोकरेज का कहना है कि बेंक ने दिसंबर तिमाही में स्टेबल प्रदर्शन किया है. ब्रोरेज का कहना है कि बैंक की एसेट क्वालिटी बेहतर हो रही है. एसेट क्वालिटी में सुधार जारी है और बैलेंसशीट बेहतर हो रही है. बैलेंसशीट मजबूत है और जमा और एडवांस में ग्रोथ है. फंसे कर्ज की पहचान और रिकवरी का रेट बेहतर रहा है. आने वाले दिनों में बिजनेस में और मजबूती की उम्मीद है. ब्रोकरेज हाउस येस सिक्योरिटीज ने Axis Bank में BUY रेटिंग दी है और 1300 रुपये का टारगेट रखा है. [Axis Bank](https://www.financialexpress.com/hindi/business-news/axis-bank-q3-results-net-profit-rises-62-pc-to-rs-5853-crore-total-income-up-by-27-pc-operating-profit-by-51pc/2957817/)) के शेयरों में गिरावट है. ब्रोकरेज हाउस ICICI सिक्योरिटीज ने Axis Bank के शेयर में 1130 रुपये के टारगेट के साथ BUY रेटिंग दी है. ब्रोकरेज का कहना है कि बैंक की अर्निंग उम्मीद से बेहतर रही है.

Stocks to Buy: नतीजों के दम पर ये बैंक शेयर लगाएगा छलांग, BUY की सलाह ... (Zee Business हिंदी)

Stocks to Buy: Q3 नतीजों के बाद ब्रोकरेज हाउस एक्सिस बैंक पर बुलिश नजर आ रहे हैं.

नुवामा वेल्थ ने प्राइवेट बैंक शेयर पर 1150 के लक्ष्य के साथ खरीदारी की सलाह बरकरार रखी है. मोतीलाल ओसवाल ने एक्सिस बैंक पर खरीदारी की रेटिंग बरकरार रखी है. मॉर्गन स्टैनली ने एक्सिस बैंक पर 'ओवरवेट' की राय दी है. एक्सचेंज फाइलिंग के मुताबिक एक्सिस बैंक का प्रॉफिट अक्टूबर से दिसंबर के दौरान 5,853 करोड़ रुपये रहा, जोकि सालभर पहले की समान तिमाही में 3614 करोड़ रुपये था. CLSA ने एक्सिस बैंक पर 1250 रुपये के लक्ष्य के साथ खरीदारी की सलाह बनाए रखी है. मार्जिन तिमाही आधार पर 30 बेसिस प्वाइंट और सालाना आधार पर 8 फीसदी बढ़ा है.

Buy Axis Bank, target price Rs 1130: Motilal Oswal Financial Services (Economic Times)

Axis Bank, incorporated in the year 1993, is a banking company (having a market cap of Rs 284741.01 Crore).

Axis Bank shares fall over 2% on profit booking after strong Q3 ... (Financial Express)

The bank reported a net profit of Rs 5,853 crore for the third quarter of the fiscal year 2023, higher by 62% on-year. Net interest income (NII) grew 32% to Rs ...

Asset quality continued to improve, even as slippages increased marginally, compensated by healthy recoveries and upgrades. Target Price: Rs 1,130 “Despite all the stress indicators showing a sequential improvement, the bank sustained cumulative provisions coverage at 139%. Margin now sits at 4.26% which is a far cry from a subdued 3.53% a year ago and an outcome of capital allocation choices and other factors,” analysts at Yes Securities said. On Tuesday it touched an intraday high of Rs 934.30 and low of Rs 903.75. The beat was across operating metrics, especially with NIMs soaring as much as 30bps QoQ to 4.26%. The shares touched 52-week high of Rs 970.45 on 4 January 2023 and 52-week low of Rs 618.10 on 23 June 2022. Target price: Rs 1,132 Target price: Rs 1,130 Target price: Rs 1,300 Gross non-performing asset ratio (NPA) stood at 2.38% as of December 31, lower by 79 bps on-year. The net NPA ratio was at 0.47%, down 44 bps on-year.

Axis Bank shares fall 3% despite strong Q3; here's why (Fortune India)

Axis Bank has reported a 62% YoY rise in its net profit at ₹5853 crore in Q3 FY23, aided by improvement in operating metrics and asset quality.

In a similar trend, net non-performing assets ratio as a percentage of total loans declined to 0.47% from 0.91% a year ago and 0.51% in September quarter of the current fiscal. In a post hour earnings release on Monday, Axis Bank reported a 62% year-on-year rise in its net profit at ₹5,853 crore in the October-September quarter as compared to ₹3,614 crore profit in the same period last year. Gross non-performing assets (NPA) ratio as a percentage of total loans declined to 2.38% from 3.17% in Q3FY23 and 2.50% in Q2 FY23. In the long term horizon, Axis Bank has given a subdued return of 8% in three years and five years, respectively. The largecap stock has given a return of 24.5% in six months and 1.5% in the past three months. Shares of Axis Bank slipped nearly 3% in early trade on Tuesday even after the private sector lender reported better-than-expected earnings in the December quarter of the current fiscal.

Axis Bank shares fall nearly 3% after Q3 results (Times of India)

India Business News: In a regulatory filing on Monday, private sector lender Axis Bank reported a 62 per cent surge in profit at Rs 5853 crore for the ...

Its net profit on standalone basis stood at Rs 3,614 crore in the same quarter of the preceding financial year. declined nearly 3 per cent in morning trade on Tuesday after the bank's December quarter results failed to cheer investors. The stock fell 2.68 per cent to Rs 908.35 apiece in early trade on the BSE.

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