Powered by: Motilal Oswal

News

Buy Axis Bank Ltd For Target Rs. 1,175 - Motilal Oswal Financial Services Laying the foundation for sustainable growth FY23 consol RoE improves to 18.8% * Axis Bank’s (AXSB) annual report highlights the bank’s focus on strengthening its retail franchise and investing in its distribution network and technological capabilities. The bank has laid special emphasis on increasing the mix of retail deposits. In FY23, it reported 21% growth in CASA deposits, surpassing its peers. This facilitated a 100bp improvement in the daily average CASA mix, reachin...
Buy Axis Bank Ltd For Target Rs. 1,175 - Motilal Oswal Financial Services
Buy Axis Bank Ltd For Target Rs. 1,175 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
4/09/2023 3:36:01 PM
Buy Axis Bank Ltd For Target Rs. 1,175 - Motilal Oswal Financial Services Laying the foundation for sustainable growth FY23 consol RoE improves to 18.8% * Axis Bank’s (AXSB) annual report highlights the bank’s focus on strengthening its retail franchise and investing in its distribution network and technological capabilities. The bank has laid special emphasis on increasing the mix of retail deposits. In FY23, it reported 21% growth in CASA deposits, surpassing its peers. This facilitated a 100bp improvement in the daily average CASA mix, reachin...
Buy Axis Bank Ltd For Target Rs. 1,175 - Motilal Oswal Financial Services
Buy Axis Bank Ltd For Target Rs. 1,175 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2/09/2023 2:45:04 PM
Indian banks` dividend to rise to at least 7-year high in FY24 - S&P report  Indian banks' aggregate dividend payout to shareholders is set to rise to its highest level in at least seven years in 2023-2024, helped by strong business metrics and healthy credit growth, a report from S&P Global Market Intelligence showed. India's brisk economic activity will likely "sustain high credit growth," resulting in "excellent" earnings forecasts for banks," Tusharika Aggarwal, a dividend forecasting research analyst at S&P Global...
Indian banks` dividend to rise to at least 7-year high in FY24 - S&P report
Indian banks` dividend to rise to at least 7-year high in FY24 - S&P report
Source: Reuters
24/08/2023 4:57:04 PM
Axis Bank zooms on partnering with Cleartrip Axis Bank is currently trading at Rs. 978.20, up by 20.75 points or 2.17% from its previous closing of Rs. 957.45 on the BSE. The scrip opened at Rs. 960.60 and has touched a high and low of Rs. 980.30 and Rs. 958.05 respectively. So far 458916 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 989.90 on 30-Jun-2023 and a 52 week low of Rs. 706.00 on 28-Sep-2022. Last one week high and low of the scrip stood at Rs....
Axis Bank zooms on partnering with Cleartrip
Axis Bank zooms on partnering with Cleartrip
Source: Accord Fintech
23/08/2023 3:40:36 PM
PSU bank stocks best performers in trade while private sector banks down after RBI raises CRR provision Public sector banks are up in trade but private sector banks are down following RBI's decision to hike CRR provision to curb liquidity. Among private sector banks, Indusind Bank is top loser in Sensex, down 1.5 per cent. ICICI Bank, Axis Bank and HDFC Bank are also trading down. On the other hand, PSU banks are flying. Indian Overseas Bank is up more than 11 per cent, Central Bank of India is up more than 7 per cent, UCO Bank is up more than 5 per cent, Punjab and Sind Bank is up 4....
PSU bank stocks best performers in trade while private sector banks down after RBI raises CRR provision
PSU bank stocks best performers in trade while private sector banks down after RBI raises CRR provision
Source: IANS
11/08/2023 2:09:29 PM
FII selling streak caps Nifty upside Domestic equities held on to their positive stance despite mixed global cues. Nifty opened higher and remained in positive territory throughout the session to close with marginal gains of 81 points at 19598 levels, says Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services. Majority of the sectors ended in green with buying seen in IT & Pharma. Markets are likely to trade in a range ahead of RBI policy this week, he said. FIIs continued their selling streak for...
FII selling streak caps Nifty upside
FII selling streak caps Nifty upside
Source: IANS
8/08/2023 9:44:08 AM
Buy Axis Bank Ltd For Target Rs. 1,090 - LKP Securities Result and Price Analysis Axis Bank reported a decent result with positive takeaways being 1) Accomplishing the aspirational ROE of more than 18% for 1QFY24, 2) Credit growth (22.4% YoY, 1.6% QoQ) stood strong. 2) NII growth stable at 27% YoY and 1.8% QoQ, on the back of 12bps reduction in NIMs to 4.1 (expected). 3) Disbursement in wholesale and SME loans up, 4) Strong contingent provision buffer (1.4% of gross loans), 5) NPA (GNPA/NNPA ratio 1.96%/0.41%) numbers stable sequentially despi...
Buy Axis Bank Ltd For Target Rs. 1,090 - LKP Securities
Buy Axis Bank Ltd For Target Rs. 1,090 - LKP Securities
Source: LKP Securities
7/08/2023 3:38:58 PM
Nifty closed higher for 5th straight month in July The index oscillated 757 points before closing at 565 points (or 2.9 per cent) higher month on month at 19,754. The Nifty is up 9.1 per cent in the calendar year to date, a report by Motilal Oswal Financial Services said. Midcaps/Smallcaps outperformed largecaps by 2.6 per cent/5.1 per cent in July'23. Similarly, in CY23YTD, midcaps/smallcaps have outperform largecaps and both have risen 20 per cent vs. a 9 per cent rise for the Nifty. FIIs recorded inflows for the fifth consecutive...
Nifty closed higher for 5th straight month in July
Nifty closed higher for 5th straight month in July
Source: IANS
7/08/2023 2:11:30 PM
Stock Picks : Marico Ltd and Axis Bank Ltd By ICICI Direct Marico Ltd Buy Marico Ltd @560.00-562.00; Target 570.00; Stop Loss 557.70   Axis Bank Buy Axis Bank @944.00-946.00; Target 929.00 Stop Loss 953.60     To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631   Above views are of the author and not of the website kind...
Stock Picks : Marico Ltd and Axis Bank Ltd By ICICI Direct
Stock Picks : Marico Ltd and Axis Bank Ltd By ICICI Direct
Source: ICICI Direct
3/08/2023 11:18:20 AM
State Bank of India's infra bond response likely to lure other lenders into tapping market- bankers Strong demand for infrastructure bonds sold by India's largest lender could push other banks to tap the market, as appetite from long-term investors shows confidence, merchant bankers said on Monday. Earlier in the day, the State Bank of India (SBI) accepted bids worth 100 billion rupees ($1.22 billion) for 15-year bonds at a coupon of 7.54%. The lender received bids worth around 217 billion rupees against a base of 50 billion rupees. This was in sharp contrast to SBI's perpetua...
State Bank of India's infra bond response likely to lure other lenders into tapping market- bankers
State Bank of India's infra bond response likely to lure other lenders into tapping market- bankers
Source: Reuters
31/07/2023 4:49:05 PM
Buy Axis Bank Ltd For Target Rs.1,260- Emkay Global Financial Services Despite lower margins yet again and rigidly-higher opex (incl. Citi integration cost of Rs3.9bn), Axis Bank is back in the black, given in-line PAT at Rs58bn/1.8% RoA, mainly on higher treasury gains. Similar to 4Q, Bank logged better than expected credit growth, at ~18% YoY (incl. Citi)/22% YoY (ex-Citi in 1QFY23), but margin slipped again (12bps QoQ), with cumulative contraction of 16bps to 4.1% in the past 2Qs. Fresh slippages were higher at Rs40bn/2.2% of loans, but GNPA ratio improved Qo...
Buy Axis Bank Ltd For Target Rs.1,260- Emkay Global Financial Services
Buy Axis Bank Ltd For Target Rs.1,260- Emkay Global Financial Services
Source: Emkay Global Financial Services
30/07/2023 12:07:55 PM
Buy Axis Bank Ltd For Target Rs : 1,167 - Religare Broking Ltd Growth momentum continues: Axis Bank’s net interest income (NII) increased by 2% QoQ/27% YoY to Rs 11,959cr on account of advances growth of 2% QoQ/22% YoY and acquisition of high yielding assets. Along with net interest income, other income increased by 4% QoQ/70% YoY to Rs 5,087cr which was driven by fee income growth and profit on sale of investments in the quarter. Operating profit (PPOP) too surged by 50% YoY to Rs 8,814cr leading to PAT growth of 41% YoY to Rs 5,797cr. Stable g...
Buy Axis Bank Ltd For Target Rs : 1,167 - Religare Broking Ltd
Buy Axis Bank Ltd For Target Rs : 1,167 - Religare Broking Ltd
Source: Religare Broking Ltd
29/07/2023 12:29:27 PM
India's private lenders grab brisk business at the cost of soaring attrition India's private lenders are contending with soaring attrition amid strong demand for loans and the rush to capture a larger share of the crowded market. Credit demand grew 15% last financial year and is seen expanding 10-12% this year, driven by retail loans. This growth is mounting pressure on the frontline staff and a jump in employee turnover raising risks of mis-selling and service disruption. HDFC Bank, India's largest private lender, saw its employee turnover rate over the...
India's private lenders grab brisk business at the cost of soaring attrition
India's private lenders grab brisk business at the cost of soaring attrition
Source: Reuters
27/07/2023 12:40:08 PM
India`s Axis Bank posts 41% rise in Q1 net profit India's Axis Bank Ltd reported a 40.5% rise in first-quarter profit on Wednesday, helped by an increase in net interest income and robust growth in loans. The Mumbai-based private lender reported a net profit of 57.97 billion Indian rupees ($706.98 million) for the quarter ended June 30 compared with 41.25 billion rupees a year ago.
India`s Axis Bank posts 41% rise in Q1 net profit
India`s Axis Bank posts 41% rise in Q1 net profit
Source: Reuters
26/07/2023 4:15:33 PM
FPIs sold stocks worth Rs 2,081 cr in last 2 days indicating buying exhaustion In the last two days, FPIs have sold stocks worth Rs 2,081 crore indicating buying exhaustion, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services. FPI flows have slowed down. This is normal response to the rising dollar index which has moved up to 101.4 from the recent low of 99. Even though Nifty is showing signs of resilience, it is unlikely to race to 20,000 level in the next few days, given the rising dollar and declining FPI inflows. Brent crude spiking to...
FPIs sold stocks worth Rs 2,081 cr in last 2 days indicating buying exhaustion
FPIs sold stocks worth Rs 2,081 cr in last 2 days indicating buying exhaustion
Source: IANS
25/07/2023 11:17:50 AM
Sensex, Nifty scale new heights The two Indian stock exchanges continued their uptrend on Thursday to touch new peaks. The Sensex of the BSE after opening at a subdued note at 67,074.34, flared up to touch a new all time height 67,385.52 points. At the BSE, the shares of Maruti Suzuki, ITC, Sun Pharmaceuticals, Kotak Bank, Reliance Industries, Tata Steel, IndusInd Bank and others saw an uptrend, while NTPC, Nestle, Axis Bank, Wipro, Bajaj Finance and others were on the down trend. Similarly, the Nifty of the NSE to...
Sensex, Nifty scale new heights
Sensex, Nifty scale new heights
Source: IANS
20/07/2023 3:45:08 PM
Nine banks reported double-digit percentage gains in market capitalization led by IDFC First Bank Eighteen of India's 20 largest banks saw increases in market capitalization in the second quarter, boosted by a stock rally amid the banking sector's strong recovery, according to S&P Global Market Intelligence data and analysis. Nine banks reported double-digit percentage gains in market capitalization, led by IDFC First Bank Ltd. with a 44.53% climb to $6.41 billion. The lender rose to No. 11 from No. 14 in the ranking. IDBI Bank Ltd. climbed three spots to No. 8 after a 2...
Nine banks reported double-digit percentage gains in market capitalization led by IDFC First Bank
Nine banks reported double-digit percentage gains in market capitalization led by IDFC First Bank
Source: IANS
13/07/2023 4:40:40 PM
Axis Bank rises despite weakness over Dalal Street Axis Bank is currently trading at Rs. 968.15, up by 2.30 points or 0.24% from its previous closing of Rs. 965.85 on the BSE. The scrip opened at Rs. 963.70 and has touched a high and low of Rs. 973.00 and Rs. 958.80 respectively. So far 62566 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 989.50 on 13-Jun-2023 and a 52 week low of Rs. 618.10 on 23-Jun-2022. Last one week high and low of the scrip stood at Rs. 9...
Axis Bank rises despite weakness over Dalal Street
Axis Bank rises despite weakness over Dalal Street
Source: Accord Fintech
22/06/2023 3:38:32 PM
India's cenbank may not cut rate before Feb unless inflation skids, global crisis hits - Axis Bank treasurer  India's central bank may not cut the key lending rate before February unless inflation falls sharply or a global crisis unfolds, a top treasury official of Axis Bank said. On Thursday, the Reserve Bank of India left the repo rate unchanged at 6.50%, as expected. However, Governor Shaktikanta Das said the central bank needed to move towards the primary target of inflation at the 4% level, and it will do "whatever is necessary to ensure that long-term inflation expectations re...
India's cenbank may not cut rate before Feb unless inflation skids, global crisis hits - Axis Bank treasurer
India's cenbank may not cut rate before Feb unless inflation skids, global crisis hits - Axis Bank treasurer
Source: Reuters
9/06/2023 11:13:51 AM
MakeMyTrip launches industry-first, bundled offering for Indian Students traveling abroad  This time every year, a large number of students from India travel overseas to pursue their educational dreams. The students travel for extended stays, so their requirements are atypical of the regular traveler. Some even travel with parents which compounds additional travel requirements. Extra baggage, for instance, is one of the essential requirements, as additional baggage fees can be burdensome. As the new-term season lifts off, MakeMyTrip, India’s travel super-app, has tie...
MakeMyTrip launches industry-first, bundled offering for Indian Students traveling abroad
MakeMyTrip launches industry-first, bundled offering for Indian Students traveling abroad
Source: PR Agency
9/06/2023 9:04:52 AM
Stock Picks : Tata Consultancy Services Ltd and Axis Bank Ltd By ICICI Direct Tata Consultancy Services Buy Tata Consultancy Services Ltd @3337-3341 CMP 3328.90; Target 3389.80; Stop Loss 3315.70   Axis Bank Ltd Buy Axis Bank Ltd @927-929 CMP 926.95; Target 944.80; Stop Loss 920.70   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ00...
Stock Picks : Tata Consultancy Services Ltd and Axis Bank Ltd By ICICI Direct
Stock Picks : Tata Consultancy Services Ltd and Axis Bank Ltd By ICICI Direct
Source: ICICI Direct
29/05/2023 9:52:46 AM
Google Pay launches RuPay credit cards support on UPI in India Google Pay in conjunction with the National Payments Corporation of India (NPCI) on Tuesday rolled out support for RuPay credit cards on Unified Payments Interface (UPI). The users can now link their RuPay credit cards with Google Pay to pay at all online and offline merchants where RuPay credit cards are accepted. The feature is now available to RuPay credit card holders of Axis Bank, Bank of Baroda, Canara Bank, HDFC bank, Indian Bank, Kotak Mahindra Bank, Punjab National Bank and Uni...
Google Pay launches RuPay credit cards support on UPI in India
Google Pay launches RuPay credit cards support on UPI in India
Source: IANS
23/05/2023 12:35:03 PM
Reliance Power offers Rs 1,200 crore to settle debt of VIPL power project Reliance Power has made a Rs 1,200 crore one-time settlement (OTS) offer to the lenders of its subsidiary, Vidarbha Industries Power Ltd (VIPL), to settle the debt. Reliance Power has offered to pay Rs 1,200 crore in upfront cash to the lenders of VIPL which include Axis Bank, SBI, Bank of Baroda, PNB, Canara Bank, and Bank of Maharashtra. The outstanding loan of the company as on March 31, 2022, is around Rs 2,200 crore. Reliance Power's OTS offer is backed by Varde Partners of ...
Reliance Power offers Rs 1,200 crore to settle debt of VIPL power project
Reliance Power offers Rs 1,200 crore to settle debt of VIPL power project
Source: IANS
23/05/2023 9:21:27 AM
Buy Axis Bank Ltd For Target Rs : 1075 - JM Financial Institutional Securities Axis reported a steady operating performance with Core PPOP at INR 91bn (+46% YoY, +3% QoQ) aided by a) healthy growth momentum (loans +11% QoQ, +19% YoY; deposits +11.6% QoQ, +15.2% YoY – though aided by Citi acquisition), b) steady NIMs at 4.22% (- 4bps QoQ) and c) robust core fee income (+14% QoQ, +20.5%YoY), despite elevated opex levels (+9% QoQ, 13.6% YoY). However, Axis reported a net loss of INR 57bn driven by oneoff extra-ordinary items (amortisation of goodwill, impact of harmo...
Buy Axis Bank Ltd For Target Rs : 1075 - JM Financial Institutional Securities
Buy Axis Bank Ltd For Target Rs : 1075 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities
6/05/2023 12:04:26 PM
Axis Bank gains on partnering with India Shelter Finance Corporation Axis Bank is currently trading at Rs. 870.00, up by 4.25 points or 0.49% from its previous closing of Rs. 865.75 on the BSE.   The scrip opened at Rs. 863.55 and has touched a high and low of Rs. 885.00 and Rs. 863.55 respectively. So far 176818 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 970.45 on 04-Jan-2023 and a 52 week low of Rs. 618.10 on 23-Jun-2022. Last one week high and low of the scrip sto...
Axis Bank gains on partnering with India Shelter Finance Corporation
Axis Bank gains on partnering with India Shelter Finance Corporation
Source: Accord Fintech
5/05/2023 2:47:52 PM
Axis Bank says no exposure to Go Airlines; other lenders to be affected The voluntary bankruptcy petition filed by the Wadia gorups low cost airline Go Airlines (India) Ltd will be impacting its lenders, i.e., banks. However, private lender Axis Bank said on Wednesday in a regulatory filing that it has no funded or non-funded exposure to the financially-troubled Go Airlines. According to reports, banks like Bank of Baroda, IDBI Bank, and Central Bank of India have exposure to the private airline. While the airline had said that its promoters had infused ...
Axis Bank says no exposure to Go Airlines; other lenders to be affected
Axis Bank says no exposure to Go Airlines; other lenders to be affected
Source: IANS
3/05/2023 7:00:36 PM
Buy Axis Bank Ltd For Target Rs. 1300 - Yes Securities Result Highlights * Asset quality: Gross slippages amounted to Rs 33.75bn (annualized slippage ratio of 1.8%) and recoveries and upgrades were healthy at Rs 26.99bn * Margin picture: NIM at 4.22% was down on reported basis but was up 1 bps on like-for-like basis * Asset growth: Advances grew 10.9%/19.4% QoQ/YoY driven sequentially by SME loans and by few segments in retail loans * Opex control: Total opex rose 9.1%/13.6% QoQ/YoY, Employee Expense fell/rose -5.1%/14.7% QoQ/YoY and other ...
Buy Axis Bank Ltd For Target Rs. 1300 - Yes Securities
Buy Axis Bank Ltd For Target Rs. 1300 - Yes Securities
Source: Yes Securities
3/05/2023 12:45:24 PM
While most global equity markets are rising 5-20% in 2023, India is flat The Nifty, after a weak run in the last four months, bounced back in April with 4.1 per cent MoM gain, Motilal Oswal Financial Services said in a report. Notably, the index was extremely volatile and swung around 776 points before closing 705 points higher. Nifty50 has been underperforming the emerging markets and the world indices in CY23YTD amid varied global macro headwinds viz., inflation, interest rates, and currency, the report said. While most of the global equity markets are ris...
While most global equity markets are rising 5-20% in 2023, India is flat
While most global equity markets are rising 5-20% in 2023, India is flat
Source: IANS
3/05/2023 11:35:24 AM
India`s Go First Airways owes financial creditors $798 million - filing Indian airline Go First, which filed for bankruptcy on Tuesday, owes financial creditors 65.21 billion Indian rupees ($798 million), its bankruptcy filing showed. As of April 30, Go First Air had not defaulted on any of these dues, it said in the filing, which was seen by Reuters. "However, considering the present financial situation of the corporate applicant, defaults to financial creditors would be imminent," the filing said. Lenders were not aware of the airline's p...
India`s Go First Airways owes financial creditors $798 million - filing
India`s Go First Airways owes financial creditors $798 million - filing
Source: Reuters
3/05/2023 10:39:30 AM
IndiGo shares surge after smaller rival Go First files for bankruptcy Shares of India's largest airline IndiGo surged over 8% on Wednesday as smaller rival Go First's bankruptcy filing raised hopes of market share gains and improved yields. Cash-strapped airline Go First filed for bankruptcy on Tuesday, blaming "faulty" Pratt & Whitney engines for the grounding of about half its fleet and taking lenders by surprise. Lessors may also be keen to allocate some of the Go First aircraft to IndiGo, within India itself, given similar fleet ...
IndiGo shares surge after smaller rival Go First files for bankruptcy
IndiGo shares surge after smaller rival Go First files for bankruptcy
Source: Reuters
3/05/2023 10:34:42 AM
Buy Axis Bank Ltd For Target Rs : 1,100 - Yes Securities Consolidated RoE improves to 21.6% on an adjusted basis * Axis Bank (AXSB) reported a loss of INR57.3b led by an exceptional item of INR123.5b (net of tax) towards Citi’s acquisition, policy harmonization and other related costs. Excluding these one-offs, adjusted PAT came in at INR66.3b (+61% YoY, 10% beat), largely driven by a sharp reduction in provisions. NII/PPoP witnessed a miss with margin moderating 4bp QoQ to 4.22% (almost flat on an adjusted basis) in 4QFY23. * Loan grow...
Buy Axis Bank Ltd For Target Rs : 1,100 - Yes Securities
Buy Axis Bank Ltd For Target Rs : 1,100 - Yes Securities
Source: Motilal Oswal Financial Services
29/04/2023 2:36:31 PM
India`s Axis Bank has enough capital to absorb Q4 loss -S&P Indian private lender Axis Bank Ltd has adequate capital to absorb the loss it posted for the fourth quarter which was mainly due to an asset write-down related to a deal to buy some Citigroup assets, S&P Global Ratings said on Friday. The bank closed a $1.4 billion deal to buy Citigroup Inc's local consumer and non-banking finance businesses in March, after which it wrote off goodwill and intangibles generated on the acquisition. That pushed Axis to a standalone loss of 57.28 b...
India`s Axis Bank has enough capital to absorb Q4 loss -S&P
India`s Axis Bank has enough capital to absorb Q4 loss -S&P
Source: Reuters
28/04/2023 1:43:25 PM
India Axis Bank reports Q4 loss on Citi deal India's Axis Bank Ltd on Thursday reported a wider-than-expected one-time loss in the fourth quarter as weak interest income growth and its $1.41 billion Citi deal dragged margins. Axis reported a standalone loss of 57.28 billion rupees ($700.1 million), compared to a profit of 41.18 billion rupees a year earlier. Analysts had forecast the bank to report a loss of 8.06 billion rupees, according to Refinitiv IBES data. ($1 = 81.8130 Indian rupees)
India Axis Bank reports Q4 loss on Citi deal
India Axis Bank reports Q4 loss on Citi deal
Source: Reuters
27/04/2023 4:50:19 PM
Axis Bank surges on executing definitive agreements to invest up to Rs 69.90 crore in Go Digit Life Axis Bank is currently trading at Rs. 871.35, up by 7.60 points or 0.88% from its previous closing of Rs. 863.75 on the BSE. The scrip opened at Rs. 866.05 and has touched a high and low of Rs. 872.10 and Rs. 860.65 respectively. So far 118633 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 970.45 on 04-Jan-2023 and a 52 week low of Rs. 618.10 on 23-Jun-2022. Last one week high and low of the scrip stood at Rs. ...
Axis Bank surges on executing definitive agreements to invest up to Rs 69.90 crore in Go Digit Life
Axis Bank surges on executing definitive agreements to invest up to Rs 69.90 crore in Go Digit Life
Source: Accord Fintech
24/04/2023 12:18:22 PM
index towards 40500-40400 levels - Axis Securities Nifty Nifty opened on a positive note and extended buying momentum in the initial hour however selling pressure at higher levels dragged index lower to close near the day's low. Nifty closed at 17624 with a gain of 25 points. On the daily chart the index has formed a small Bearish candle with upper shadow indicating selling pressure as well as resistance around 17700. Index is trading in a falling channel; the upper band of the falling channel which is placed at 17700 will act as cruci...
index towards 40500-40400 levels - Axis Securities
index towards 40500-40400 levels - Axis Securities
Source: Axis Securities Ltd
11/04/2023 9:49:15 AM
India VIX index is at 12.27 - Axis Securities HIGHLIGHTS Nifty futures closed at 17682 on a positive note with 5.84% decrease in the open interest indicating Short Covering. Nifty Futures closed at a premium of 57 points compared to the previous day premium of 45 points. BankNifty closed at 40978 on negative note with 8.34% decrease in open interest indicating Long Unwinding. BankNifty Futures closed at a premium of 144 points compared to the previous day premium of 129 points. FII's were Buyers in Index Futures to the tune of 184...
India VIX index is at 12.27 - Axis Securities
India VIX index is at 12.27 - Axis Securities
Source: Axis Securities Ltd
11/04/2023 9:40:29 AM
Axis Bank CEO flags risks of slowing economic growth  Axis Bank Ltd Chief Executive Officer Amitabh Chaudhry is watchful over consumer demand in the Indian economy and said expectations for growth might have to be tempered a bit, the Financial Times said in a report on Tuesday. Chaudhry said lenders need to stay vigilant about the economic outlook despite the recent robust growth, as India's post-pandemic rebound loses steam and global economic volatility makes forecasting more difficult, according to the report. Axis Bank did no...
Axis Bank CEO flags risks of slowing economic growth
Axis Bank CEO flags risks of slowing economic growth
Source: Reuters
4/04/2023 10:26:25 AM
Axis Bank rises on partnering with Shriram Housing Finance for co-lending Axis Bank is currently trading at Rs. 849.65, up by 6.65 points or 0.79% from its previous closing of Rs. 843.00 on the BSE. The scrip opened at Rs. 858.00 and has touched a high and low of Rs. 859.00 and Rs. 848.70 respectively. So far 64573 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 970.45 on 04-Jan-2023 and a 52 week low of Rs. 618.10 on 23-Jun-2022. Last one week high and low of the scrip stood at Rs. 8...
Axis Bank rises on partnering with Shriram Housing Finance for co-lending
Axis Bank rises on partnering with Shriram Housing Finance for co-lending
Source: Accord Fintech
31/03/2023 11:30:49 AM
Index towards 16800-16700 levels -Axis Securities Ltd Nifty Nifty opened on a positive note and traded with extreme volatility throughout the session. Nifty closed at 16986 with a gain of 41 points. On the daily chart the index has formed a small bullish candle with shadows on either side representing extreme volatility as well as indecisiveness amongst participants regarding the direction. 16850-16700 is a crucial support zone as it’s a confluence of the lower band of medium term falling channel from all time high and low of Oct-Sep 20...
Index towards 16800-16700 levels -Axis Securities Ltd
Index towards 16800-16700 levels -Axis Securities Ltd
Source: Axis Securities Ltd
28/03/2023 9:50:38 AM
Worldline launches VABOX to facilitate instant payment voice alerts for merchants in India Worldline [Euronext: WLN], a global leader in payments services today launched VABOX – Voice Alert Box - to facilitate instant payment voice alerts for merchants in India.   The sleek, compact and robust device is currently being launched by Worldline partner banks namely Axis Bank, Kotak Mahindra Bank, Punjab National Bank, Union Bank of India and others. In the initial phase, Worldline India will be rolling out half a million devices that will prompt instant voice...
Worldline launches VABOX to facilitate instant payment voice alerts for merchants in India
Worldline launches VABOX to facilitate instant payment voice alerts for merchants in India
Source: PR Agency
17/03/2023 2:04:16 PM
Stock Picks : Axis Bank Ltd and Larsen & Toubro Ltd By ICICI Direct Axis Bank Ltd Buy Axis Bank Ltd @ 824-826 CMP 832.85 Stop Loss 817.80 Target 837.00   Larsen & Toubro Ltd Buy Larsen & Toubro Ltd @ 2132-2136 CMP 2144.20 Stop Loss 2116.80 Target 2159.00   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ0001836...
Stock Picks : Axis Bank Ltd and Larsen & Toubro Ltd By ICICI Direct
Stock Picks : Axis Bank Ltd and Larsen & Toubro Ltd By ICICI Direct
Source: ICICI Direct Ltd
15/03/2023 10:20:35 AM
India`s Yes Bank drops as three-year share lock-in period ends  Shares of India's Yes Bank Ltd fell as much as 12.7% to a seven-month low on Monday at the end of a three-year lock-in period that barred investors from selling stock they had acquired as part of the lender's restructuring. The Reserve Bank of India (RBI) had required Yes Bank's shareholders, which includes the State Bank of India (SBI) and other private lenders, to hold on to 75% of the shares acquired as part of the restructuring in March 2020. Yes Bank shares have f...
India`s Yes Bank drops as three-year share lock-in period ends
India`s Yes Bank drops as three-year share lock-in period ends
Source: Reuters
13/03/2023 12:47:04 PM
Buy Axis Bank Ltd For Target Rs. 1,100 - ICICI Direct Citi deal completed; integration to play out in 18 months About the stock: Axis Bank is the third largest private sector bank in India with a balance sheet size of | 12.2 lakh crore as on December 2022. * The bank has a large footprint across India with 4849 branches * Retail and SME comprise ~67% of total loans   Key Highlights: * Axis bank has completed the deal with Citi bank ahead of estimated time line. The deal closed for a cash consideration of ?11,603 crore vs 1...
Buy Axis Bank Ltd For Target Rs. 1,100 - ICICI Direct
Buy Axis Bank Ltd For Target Rs. 1,100 - ICICI Direct
Source: ICICI Direct Ltd
7/03/2023 1:04:29 PM
Buy Axis Bank Ltd For Target Rs.1,130 - Motilal Oswal Financial Services Completes acquisition of Citi India’s consumer business Deal EPS/RoE accretive in CY24; card/wealth portfolios strengthen AXSB has completed the acquisition of Citibank India's consumer banking business for a cash consideration of ~INR116b. The deal includes the credit card, wealth and retail banking operations of both Citibank India and Citicorp Finance. * It has acquired loans/deposits worth INR273b/INR399b, including the credit card book of INR86b. AXSB’s credit ca...
Buy Axis Bank Ltd For Target Rs.1,130 - Motilal Oswal Financial Services
Buy Axis Bank Ltd For Target Rs.1,130 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
7/03/2023 11:06:43 AM
India`s SBI may look to cut Yes Bank stake once lock-in ends -sources State Bank of India may look to lower its stake in Yes Bank after a lock-in period ends on March 6, which was put in place by the central bank as a part of the lender's restructuring, two sources told. SBI, India's largest bank, does not want to permanently retain a stake in Yes Bank and would want to trim its holdings, albeit in phases, one of the sources told Reuters on condition of anonymity. "The percentage of equity dilution that the bank intends to do will have to be ...
India`s SBI may look to cut Yes Bank stake once lock-in ends -sources
India`s SBI may look to cut Yes Bank stake once lock-in ends -sources
Source: Reuters
2/03/2023 5:21:30 PM
Axis Bank completes acquisition of Citibank`s India consumer business Axis Bank Ltd said on Wednesday it has completed its acquisition of Citibank's India consumer and non-banking finance businesses. The transaction, announced in March 2022, has been closed for a cash consideration of 116.03 billion rupees ($1.41 billion).
Axis Bank completes acquisition of Citibank`s India consumer business
Axis Bank completes acquisition of Citibank`s India consumer business
Source: Reuters
1/03/2023 9:07:09 AM
Axis Bank enables settlement of cross border transaction in real-time through the UPI network * Providing a real-time and cost-effective cross-border payment solution between India and Singapore * Axis Bank will currently settle transactions to beneficiaries holding an account with or are registered on the UPI App of SBI, IOB, Indian Bank, ICICI, DBS, and Axis Bank   Axis Bank, India’s third largest private sector bank, has successfully enabled cross-border transactions in real-time via the UPI Network. This initiative is a part of the joint initiative between the ...
Axis Bank enables settlement of cross border transaction in real-time through the UPI network
Axis Bank enables settlement of cross border transaction in real-time through the UPI network
Source: PR Agency
22/02/2023 12:03:12 PM
PM Narendra Modi, Singapore PM witness launch of payment interface linkage Prime Minister Narendra Modi and his Singaporean counterpart Lee Hsien Loong on Tuesday witnessed the launch of a cross-border linkage between the two nations using their respective fast payment systems namely Unified Payments Interface (UPI) and PayNow. The facility was launched through token transactions by Reserve Bank of India (RBI) governor Shaktikanta Das and Managing Director of Monetary Authority of Singapore (MAS), Ravi Menon using the UPI-PayNow linkage. The UPI-PayNow linkage...
PM Narendra Modi, Singapore PM witness launch of payment interface linkage
PM Narendra Modi, Singapore PM witness launch of payment interface linkage
Source: IANS
21/02/2023 2:06:15 PM