INSUBCONTINENT EXCLUSIVE:
Independent analyst Kunal Bothra has a buy call on Axis Bank Ltd
with a target price of Rs 580
The current market price of Axis Bank Ltd
Time period given by the analyst is Intra Day when Axis Bank Ltd
price can reach defined target
Kunal Bothra recommended to keep stop loss at Rs 530
Axis Bank Ltd., incorporated in 1993, is a banking company with a market cap of Rs 140616.34 crore
key Products/Revenue Segments include Interest Discount on Advances Bills which contributed Rs 33124.96 Crore to Sales Value (74.36 % of
Total Sales), Income From Investment which contributed Rs 9622.82 Crore to Sales Value (21.60 % of Total Sales), Interest which contributed
Rs 1290.54 Crore to Sales Value (2.89 % of Total Sales) and Interest On Balances with RBI and Other Inter-Bank Funds which contributed Rs
503.84 Crore to Sales Value (1.13 % of Total Sales)for the year ending 31-Mar-2017
The Bank has reported a Gross Non Performing Assets (Gross NPAs) of Rs 34248.64 Crore (6.77 % of total assets) and Net Non Performing
Assets (Net NPAs) of Rs 16591.71 Crore (3.40% of total assets)
For the quarter ended 31-03-2018, the company has reported a Standalone Interest Income of Rs 8753.01 Crore, down -.17 % from last quarter
Interest Income of Rs 8767.57 Crore and up 5.94 % from last year same quarter Interest Income of Rs 8262.56 Crore
The bank has reported net profit after tax of Rs -2188.74 Crore in latest quarter
