04-01-2022 10:33 AM | Source: LKP Securities Ltd
View on Axis Bank : Axis Bank Post Citi Bank Acquisition By Ajit Kabi , LKP Securities
Below are Views On Axis Bank : Axis Bank Post Citi Bank Acquisition By Ajit Kabi, BFSI Analyst at LKP Securities
"We maintain our positive outlook on Axis Bank, post the Citi Bank consumer banking deal. The deal may cost around Rs123bn to Axis bank, which will be paid sometime between 9 - 12 months, subjected to regulatory approvals. The deal would help strengthen Axis Bank balance sheet and reduce the gap against its peers. The deal may have an impact of 180-200 bps on the capital where ROA accretion of 50bps is estimated We maintain BUY on Axis Bank with TP of 984, considering the valuation gap and positive growth outlook"
Above views are of the author and not of the website kindly read disclaimer
Latest News
Buy Piramal Enterprises Ltd For Target Rs.1,100 - Mo...
Neutral Vedant Fashions Ltd For Target Rs.1,200 - Mo...
Buy Dalmia Bharat Ltd. For Target Rs.: 2,500 - Emkay...
Fashion Entrepreneur Fund opens up for pre registrat...
Buy DCB Bank Ltd. For Target Rs.: 110 - Emkay Global
Buy Indraprastha Gas Ltd For Target Rs.350 - Motilal...
Ayushi Khurana reveals dance has been her happy plac...
Buy APL Apollo Tubes Ltd For Target Rs.1,770 - Motil...
Buy Marico Ltd For Target Rs.625 - Motilal Oswal Fin...
Add Symphony Ltd For Target Rs.1,028 - Yes Securities