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thecompanyreportedaConsolidatedTotalIncomeofRs20285.41Crore

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thecompanyreportedaConsolidatedTotalIncomeofRs20285.41Crore

Buy Axis Bank, target price Rs 835: Kotak Securities

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Buy Axis Bank, target price Rs 835: Kotak Securities

Buy Axis Bank, target price Rs 835: Kotak Securities

Last Updated: Oct 22, 2021, 09:15 AM IST

Axis Bank Ltd., incorporated in the year 1993, is a banking company (having a market cap of Rs 247723.61 Crore).

Promoters held 11.64 per cent stake in the company as of 30-Sep-2021, while FIIs owned 54.53 per cent, DIIs 22.17 per cent.

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Kotak Securities Limited has buy call onAxis Bankwith a target price of Rs 835. The current market price of Axis Bank Ltd. is Rs 808.95.

Time period given by analyst is Intra Day when Axis Bank Ltd. price can reach defined target.

Axis Bank Ltd., incorporated in the year 1993, is a banking company (having a market cap of Rs 247723.61 Crore).

Axis Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income FromInvestment, Interest and Interest On Balances with RBI and Other Inter-Bank Funds for the year ending 31-Mar-2021.

For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 20285.41 Crore, down -3.53 % from last quarter Total Income of Rs 21028.45 Crore and up 4.23 % from last year same quarter Total Income of Rs 19461.77 Crore. The bank reported net profit after tax of Rs 2356.91 Crore in latest quarter.

Hammer candlestick near short-term moving average suggests bullish momentum to persist.

Promoters held 11.64 per cent stake in the company as of 30-Sep-2021, while FIIs owned 54.53 per cent, DIIs 22.17 per cent.(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.

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