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India`s growth to rebound to 7 pc in 2025-26 India’s economic growth is expected to rebound to 7 per cent in 2025-26, despite the global uncertainties, primarily due to domestic policies, according to an Axis Bank research report released on Wednesday.  The report states that a cyclical rebound will push India back to a higher growth path. “The loss in momentum during the first half of 2024-25 for the Indian economy, in our view, is cyclical, and due to unintended fiscal and monetary tightening; the latter due to ...
India`s growth to rebound to 7 pc in 2025-26
India`s growth to rebound to 7 pc in 2025-26
Source: IANS
2024-12-11 03:17:36 pm
Axis Bank jumps on unveiling ARISE Women`s Savings Account Axis Bank is currently trading at Rs. 1187.30, up by 20.00 points or 1.71% from its previous closing of Rs. 1167.30 on the BSE. The scrip opened at Rs. 1171.80 and has touched a high and low of Rs. 1193.65 and Rs. 1160.00 respectively. So far 266758 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1339.55 on 12-Jul-2024 and a 52 week low of Rs. 995.95 on 19-Apr-2024. Last one week high and low of the scrip stood ...
Axis Bank jumps on unveiling ARISE Women`s Savings Account
Axis Bank jumps on unveiling ARISE Women`s Savings Account
Source: Accord Fintech
2024-12-06 03:24:20 pm
Stock Picks : Axis Bank Ltd and Bharat Electronics Ltd By ICICI Direct Axis Bank Ltd Buy Axis Bank Ltd @ 1156-1158 Target 1169.00 Stop Loss 1150.40   Bharat Electronics Ltd Buy Bharat Electronics Ltd @ 311-312 Target 315.00 Stop Loss 309.50   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : Axis Bank Ltd and Bharat Electronics Ltd By ICICI Direct
Stock Picks : Axis Bank Ltd and Bharat Electronics Ltd By ICICI Direct
Source: ICICI Direct
2024-12-04 10:40:18 am
Fundamental Stock Pick:- Axis Bank Ltd by Nirmal Bang Ltd * Axis Bank is among India’s top-3 private banks with advances at Rs. 10 Lac Cr, strong liability franchise, large distribution network and an array of product offerings. With top management revamped in 2019 and having already achieved their initial target of 18% ROE since H2FY23, Axis is now in a good position to harvest further gains. * Axis has managed to improve its NIMs from ~3.5% levels prior to FY23 to ~4% levels today which is in line with HDFC/ICICI. However Axis B...
Fundamental Stock Pick:- Axis Bank Ltd by Nirmal Bang Ltd
Fundamental Stock Pick:- Axis Bank Ltd by Nirmal Bang Ltd
Source: Nirmal Bang Ltd
2024-11-29 04:54:00 pm
Axis Bank trades higher on the BSE Axis Bank is currently trading at Rs. 1140.75, up by 8.25 points or 0.73% from its previous closing of Rs. 1132.50 on the BSE. The scrip opened at Rs. 1132.50 and has touched a high and low of Rs. 1140.75 and Rs. 1127.95 respectively. So far 74464 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1339.55 on 12-Jul-2024 and a 52 week low of Rs. 995.95 on 19-Apr-2024. Last one week high and low of the scrip stood at...
Axis Bank trades higher on the BSE
Axis Bank trades higher on the BSE
Source: Accord Fintech
2024-11-29 03:27:29 pm
Sensex surges 855 pts despite geo-political tensions, PSU bank stocks shine The Indian stock market was trading in the green on Friday despite geopolitical tensions as heavy buying was seen in the PSU bank shares. Nifty PSU Bank was trading with a gain of 2.88 per cent.  At around 12:17 p.m., Sensex was trading at 78,010.82 after gaining 855.03 points or 1.11 per cent, while the Nifty was trading at 23,620.95 after gaining 271.05 points or 1.16 per cent. The market trend remained positive. On the National Stock Exchange (NSE), 1725 stocks were trading in g...
Sensex surges 855 pts despite geo-political tensions, PSU bank stocks shine
Sensex surges 855 pts despite geo-political tensions, PSU bank stocks shine
Source: IANS
2024-11-22 01:57:24 pm
Share market opens flat, Bharti Airtel and ICICI Bank among top gainers The Indian stock market opened flat on Tuesday as buying was seen in realty, media, IT, PSU bank, financial services and pharma sectors in early trade.  Sensex was trading at 79,584.29 after rising 88.14 points or 0.11 per cent. At the same time, Nifty was trading at 24,172.95 after rising 31.65 points or 0.13 per cent. The market trend remained positive. On the National Stock Exchange (NSE), 1,525 stocks were trading in green, while 651 stocks were trading in red. Nifty Bank wa...
Share market opens flat, Bharti Airtel and ICICI Bank among top gainers
Share market opens flat, Bharti Airtel and ICICI Bank among top gainers
Source: IANS
2024-11-12 12:27:30 pm
Stock of the day : Axis Bank Ltd For Target Rs. 38 - Religare Broking Axis Bank Ltd * Among the banking majors, Axisbank recently faced a downturn. * In the previous session, stock witnessed a breakdown below 100 EMA, mounting negative bias. * In continuation, a fresh breakdown below 200 EMA is also seen. * Also closing below the rising trend line of 6 months, which acted as a major support previously. * Traders maintain sell in the counter; below 200 EMA, additional pressure could curb.   Buy Axis Bank Ltd CMP 24.45 ...
Stock of the day : Axis Bank Ltd For Target Rs. 38 - Religare Broking
Stock of the day : Axis Bank Ltd For Target Rs. 38 - Religare Broking
Source: Religare Broking
2024-11-05 10:41:26 am
Views on Axis Bank Ltd. Q2FY25 Results by Manish Chowdhury, Head of Research, StoxBox Below the Views on Axis Bank Ltd. Q2FY25 Results by Manish Chowdhury, Head of Research, StoxBox   Axis Bank Ltd. Q2FY25 Result First Cut – Decent financial performance, Asset quality stable & steady growth in deposits and advances -Net Interest Income stood at Rs. 13,483 crores in Q2FY25, showing a growth of 0.26% QoQ / up 9.4% YoY. - Pre-provision operating profit (PPOP) stood at Rs. 10,712 crores in Q2FY25, up 6.0% QoQ / up 24.1% YoY. - Pro...
Views on Axis Bank Ltd. Q2FY25 Results by Manish Chowdhury, Head of Research, StoxBox
Views on Axis Bank Ltd. Q2FY25 Results by Manish Chowdhury, Head of Research, StoxBox
Source: StoxBox
2024-10-27 06:17:07 pm
Buy Axis Bank Ltd For Target Rs. 1,475 By Yes Securities Ltd Poor half year should not make us lose sight of the long-term Our view – AXSB will build on RoA going forward and beyond FY25 Asset Quality – Gross slippage remained slightly elevated compared with FY24, while management made material excess provisions: Gross NPA additions amounted to Rs 44.43bn for 2QFY25, translating to an annualized slippage ratio of 1.8% for the quarter. Gross slippage ratio had amounted to 1.9% during 1QFY25 whereas the gross slippage ratio for FY24 had...
Buy Axis Bank Ltd For Target Rs. 1,475 By Yes Securities Ltd
Buy Axis Bank Ltd For Target Rs. 1,475 By Yes Securities Ltd
Source: Yes Securities Ltd.
2024-10-22 05:55:24 pm
Neutral Axis Bank Ltd For Target Rs. 1,225 By Motilal Oswal Financial Services Ltd One-offs aid earnings; provisioning buffer fortified LCR declines 5% QoQ to 115% *  Axis Bank (AXSB) reported 2QFY25 net profit of INR69.2b (up 18% YoY, 4% beat) as tax reversals and treasury gains offset higher provisions. In 1HFY25, earnings grew 11% YoY to INR129b, and we expect 2H earnings to stay flat YoY at INR133b. *  NII was up 9.5% YoY/flat QoQ at INR134.8b (in line). NIMs moderated 6bp QoQ to 3.99%. Provisioning expenses stood at INR22b (sharply higher than MOFSLe...
Neutral Axis Bank Ltd For Target Rs. 1,225 By Motilal Oswal Financial Services Ltd
Neutral Axis Bank Ltd For Target Rs. 1,225 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-10-21 10:41:35 am
India`s Axis Bank posts Q2 profit beat on strong credit demand India's Axis Bank reported a bigger-than-expected rise in second-quarter profit on Thursday, helped by higher core lending income on the back of strong credit demand. The country's fourth-largest private lender by market capitalisation said its standalone net profit - which excludes its subsidiaries - rose 18% to 69.18 billion rupees ($823.25 million) for the quarter ended Sept. 30. Analysts had expected, on average, 65.27 billion rupees, according to estimates compiled by LSEG....
India`s Axis Bank posts Q2 profit beat on strong credit demand
India`s Axis Bank posts Q2 profit beat on strong credit demand
Source: Reuters
2024-10-17 04:49:48 pm
Paytm and Axis Bank Launch `Last Minute Deals' Diwali Sale; Offer Discounts of up to Rs 5,000 for Eleventh Hour Bookings One97 Communications Limited (OCL) that owns the brand Paytm, India’s leading payments and financial services distribution company and the pioneer of QR, Soundbox and mobile payments, has announced its ‘Last-m     inute' Diwali Sale for travel bookings, in partnership with Axis Bank. This exclusive sale for Paytm users, running from October 13 to October 31 marks the first-ever campaign offering competitive discounts for bookings made less than 15 days...
Paytm and Axis Bank Launch `Last Minute Deals' Diwali Sale; Offer Discounts of up to Rs 5,000 for Eleventh Hour Bookings
Paytm and Axis Bank Launch `Last Minute Deals' Diwali Sale; Offer Discounts of up to Rs 5,000 for Eleventh Hour Bookings
Source: PR Agency
2024-10-15 09:32:44 am
Axis Bank rises on tying up with IFC Axis Bank is currently trading at Rs. 1160.00, up by 14.60 points or 1.27% from its previous closing of Rs. 1145.40 on the BSE. The scrip opened at Rs. 1147.15 and has touched a high and low of Rs. 1160.00 and Rs. 1143.00 respectively. So far 2801 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1339.55 on 12-Jul-2024 and a 52 week low of Rs. 951.55 on 25-Oct-2023. Last one week high and low of the scrip stood at...
Axis Bank rises on tying up with IFC
Axis Bank rises on tying up with IFC
Source: Accord Fintech
2024-10-08 09:35:00 am
16 companies pick candidates for over 1,000 jobs at Delhi job fair: IT Ministry Sixteen companies shortlisted candidates against more than 1,000 job openings in their respective companies at a job fair organised by the National Institute of Electronics and Information Technology (NIELIT) here, the IT Ministry informed on Sunday.  Dr Madan Mohan Tripathi, Director General, NIELIT, said that at least 6,000 offer letters have been given in the job fairs organised by NIELIT across the country last year and the number is set to increase this year. “The job fa...
16 companies pick candidates for over 1,000 jobs at Delhi job fair: IT Ministry
16 companies pick candidates for over 1,000 jobs at Delhi job fair: IT Ministry
Source: IANS
2024-09-30 08:43:01 am
Axis Bank trades higher on the BSE Axis Bank is currently trading at Rs. 1237.90, up by 6.40 points or 0.52% from its previous closing of Rs. 1231.50 on the BSE. The scrip opened at Rs. 1237.55 and has touched a high and low of Rs. 1238.25 and Rs. 1227.60 respectively. So far 54036 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1339.55 on 12-Jul-2024 and a 52 week low of Rs. 951.55 on 25-Oct-2023. Last one week high and low of the scrip stood at...
Axis Bank trades higher on the BSE
Axis Bank trades higher on the BSE
Source: Accord Fintech
2024-09-17 11:49:38 am
Stock Picks : Hindalco Industries Ltd And Axis Bank Ltd By ICICI Direct Hindalco Ltd Buy Hindalco Ltd @ 669-671 Target 677.20 Stop Loss 665.40   Axis Bank Ltd Buy Axis Bank Ltd @ 1194-1196 Target 1208.00 Stop Loss 1188.90   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : Hindalco Industries Ltd And Axis Bank Ltd By ICICI Direct
Stock Picks : Hindalco Industries Ltd And Axis Bank Ltd By ICICI Direct
Source: ICICI Direct
2024-09-13 10:32:41 am
Nifty opened with an upward gap and remained lackluster within a narrow trading range throughout the day - Axis Securities Ltd Nifty Nifty opened with an upward gap and remained lackluster within a narrow trading range throughout the day. Nifty closed at 24812 on 22nd August, marking a gain of 41 points. On the daily chart, the index has formed a small bearish candle with shadows on either side, indicating indecisiveness among participants regarding the direction. The index continues to move in a higher top and higher bottom formation on the hourly chart, indicating a positive bias. The chart pattern suggests that...
Nifty opened with an upward gap and remained lackluster within a narrow trading range throughout the day - Axis Securities Ltd
Nifty opened with an upward gap and remained lackluster within a narrow trading range throughout the day - Axis Securities Ltd
Source: Axis Securities Ltd
2024-08-23 10:07:27 am
India's Yes Bank appoints veteran banker Sumit Bali to head its retail business, sources say Indian private lender Yes Bank has appointed veteran banker Sumit Bali to head its retail business and collections, three sources directly familiar with the matter said on Friday. Bali will join Yes Bank from Aug. 26 and report to executive director Rajan Pental, one of the sources said. The banker, who headed retail lending for India's third largest private lender Axis Bank, had quit in June. Friday is his last day at Axis Bank. The sources did not wish to be identified as they ...
India's Yes Bank appoints veteran banker Sumit Bali to head its retail business, sources say
India's Yes Bank appoints veteran banker Sumit Bali to head its retail business, sources say
Source: Reuters
2024-08-16 02:02:18 pm
Axis Bank gains on partnering with Visa to launch `Primus` Axis Bank is currently trading at Rs. 1173.95, up by 9.75 points or 0.84% from its previous closing of Rs. 1164.20 on the BSE. The scrip opened at Rs. 1160.05 and has touched a high and low of Rs. 1177.85 and Rs. 1160.05 respectively. So far 40575 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1339.55 on 12-Jul-2024 and a 52 week low of Rs. 921.00 on 28-Aug-2023. Last one week high and low of the scrip stood at...
Axis Bank gains on partnering with Visa to launch `Primus`
Axis Bank gains on partnering with Visa to launch `Primus`
Source: Accord Fintech
2024-08-13 11:24:19 am
Shriram Finance zooms on executing master agreement with Axis Bank Shriram Finance is currently trading at Rs. 2938.60, up by 66.90 points or 2.33% from its previous closing of Rs. 2871.70 on the BSE. The scrip opened at Rs. 2901.30 and has touched a high and low of Rs. 2971.00 and Rs. 2881.75 respectively. So far 10199 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3058.95 on 26-Jun-2024 and a 52 week low of Rs. 1759.20 on 16-Aug-2023. Last one week high and low of the scrip...
Shriram Finance zooms on executing master agreement with Axis Bank
Shriram Finance zooms on executing master agreement with Axis Bank
Source: Accord Fintech
2024-08-09 03:20:48 pm
Muthoot Capital moves up on bagging Rs 100 crore impact funding for Electric Vehicle portfolio Muthoot Capital Services is currently trading at Rs. 324.05, up by 6.55 points or 2.06% from its previous closing of Rs. 317.50 on the BSE. The scrip opened at Rs. 323.85 and has touched a high and low of Rs. 327.55 and Rs. 318.30 respectively. So far 211 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 458.00 on 10-Oct-2023 and a 52 week low of Rs. 265.00 on 27-Mar-2024. Last one week high and low of the scrip ...
Muthoot Capital moves up on bagging Rs 100 crore impact funding for Electric Vehicle portfolio
Muthoot Capital moves up on bagging Rs 100 crore impact funding for Electric Vehicle portfolio
Source: Accord Fintech
2024-08-06 11:14:55 am
Buy Axis Bank Ltd For Target Rs. 1,550 By Yes Securities Our view – Rise in stress within internal risk benchmarks Asset Quality – Gross slippage rose meaningfully on sequential basis, with the the bulk of the rise emerging from the retail book: Gross NPA additions amounted to Rs 47.93bn for 1QFY25, translating to an annualized slippage ratio of 1.97% for the quarter. Gross NPA additions had amounted to Rs 34.71bn during 4QFY24. The retail book contributed Rs 42.29bn to slippages in the quarter compared with Rs 31.1bn in 4Q. 32% of t...
Buy Axis Bank Ltd For Target Rs. 1,550 By Yes Securities
Buy Axis Bank Ltd For Target Rs. 1,550 By Yes Securities
Source: Yes Securities Ltd.
2024-08-02 12:16:14 pm
Buy Axis Bank Ltd For Target Rs.1,349 By Geojit Financial Services Ltd Credit growth prospects remain healthy Axis Bank offers a wide range of banking services in India, including cash and credit management, retail banking, investment management and treasury services. * In Q1FY25, the bank’s net interest income (NII) rose 12.5% YoY to Rs. 13,448cr (+2.7% QoQ), driven by growth in higher yielding assets. * Asset quality improved with net non-performing assets (NPAs) and gross NPA declining to 0.34% and 1.54%, respectively (vs. 0.41% and 1.96% in Q...
Buy Axis Bank Ltd For Target Rs.1,349 By Geojit Financial Services Ltd
Buy Axis Bank Ltd For Target Rs.1,349 By Geojit Financial Services Ltd
Source: Geojit Financial Services Ltd
2024-08-02 11:11:57 am
Buy Axis Bank Ltd For Target Rs.1,550 by Yes Securities Our view – Rise in stress within internal risk benchmarks Asset Quality – Gross slippage rose meaningfully on sequential basis, with the the bulk of the rise emerging from the retail book: Gross NPA additions amounted to Rs 47.93bn for 1QFY25, translating to an annualized slippage ratio of 1.97% for the quarter. Gross NPA additions had amounted to Rs 34.71bn during 4QFY24. The retail book contributed Rs 42.29bn to slippages in the quarter compared with Rs 31.1bn in 4Q. 32% of t...
Buy Axis Bank Ltd For Target Rs.1,550 by Yes Securities
Buy Axis Bank Ltd For Target Rs.1,550 by Yes Securities
Source: Yes Securities Ltd
2024-08-01 12:34:45 pm
Buy AXIS Bank Ltd For Target Rs.1,375 By JM Financial Services Axis Bank’s 1QFY25 earnings missed estimates (PAT at INR 60.3bn, +4.1% YoY, -4.7% JMFe) primarily led by higher credit costs (1.1% vs 0.37% QoQ). Slippages from unsecured portfolio (further exacerbated by seasonally weak agri asset quality) and corporate book (and lower recoveries) led to meaningful jump in credit costs, also driving GNPA higher by +11bps QoQ to 1.54%. While this comes as a negative surprise, we believe Axis Bank should not see any material asset quality deterioration g...
Buy AXIS Bank Ltd For Target Rs.1,375 By JM Financial Services
Buy AXIS Bank Ltd For Target Rs.1,375 By JM Financial Services
Source: JM Financial Services
2024-07-31 04:12:40 pm
Neutral Axis Bank Ltd For Target Rs.1,175 By Motilal Oswal Financial Services High provisions drag earnings; elevated C/D ratio to suppress loan growth Asset quality deteriorates slightly * Axis Bank (AXSB) reported a net profit of INR60.3b (+4% YoY; 6% miss) in 1QFY25. The miss was due to higher provisions. * NII grew 12% YoY and 3% QoQ to INR134.5b (in line). NIM moderated 1bp QoQ to 4.05%, displaying continued resilience. Provisioning expenses were INR20.4b (sharply higher than MOFSLe), thus leading to the 6% miss at the PBT level. * Loans grew 14% YoY (...
Neutral Axis Bank Ltd For Target Rs.1,175 By Motilal Oswal Financial Services
Neutral Axis Bank Ltd For Target Rs.1,175 By Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2024-07-30 03:24:46 pm
Axis Bank declines despite reporting 6% rise in Q1 consolidated net profit Axis Bank is currently trading at Rs. 1160.70, down by 79.05 points or 6.38% from its previous closing of Rs. 1239.75 on the BSE. The scrip opened at Rs. 1206.95 and has touched a high and low of Rs. 1206.95 and Rs. 1156.00 respectively. So far 422025 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1339.55 on 12-Jul-2024 and a 52 week low of Rs. 921.00 on 28-Aug-2023. Last one week high and low of the scrip stoo...
Axis Bank declines despite reporting 6% rise in Q1 consolidated net profit
Axis Bank declines despite reporting 6% rise in Q1 consolidated net profit
Source: Accord Fintech
2024-07-25 12:18:25 pm
India's Axis Bank falls 5% after Q1 profit miss Axis Bank's shares fell about 5% on Thursday, a day after it reported a smaller-than-expected first-quarter profit on higher provisions for bad loans. The stock hit its lowest since June 14, recording its worst intraday percentage fall since June 4. The bank was also the top percentage loser in the benchmark Nifty 50 index, which was down 0.8%. India's fourth-largest private bank by market capitalisation said the funds kept aside to cover potential bad loans and losses from any ...
India's Axis Bank falls 5% after Q1 profit miss
India's Axis Bank falls 5% after Q1 profit miss
Source: Reuters
2024-07-25 10:22:37 am
India's Axis Bank misses Q1 profit view on higher provisions Indian private lender Axis Bank reported a first-quarter profit on Wednesday that missed analyst estimates, as higher provisions weighed. The Mumbai-based lender's standalone net profit - which excludes its subsidiaries - rose 4% year-on-year to 60.35 billion rupees ($721.2 million) for the quarter ended June 30. Analysts had estimated a profit of 64.50 billion rupees, as per LSEG data. Provisions and contingencies, or funds kept aside for potential bad loans, rose 97% to 20.39 b...
India's Axis Bank misses Q1 profit view on higher provisions
India's Axis Bank misses Q1 profit view on higher provisions
Source: Reuters
2024-07-24 04:46:02 pm
Stock Picks : Dr. Reddy`s Laboratories Ltd And Axis Bank Ltd By ICICI Direct Dr. Reddy's Laboratories Ltd Buy Dr. Reddy's Laboratories Ltd @ 6590-6596 Target 6659.00 Stop Loss 6557.00   Axis Bank Ltd. Buy Axis Bank Ltd @ 1287-1290 Target 1275.00 Stop Loss 1297.00   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : Dr. Reddy`s Laboratories Ltd And Axis Bank Ltd By ICICI Direct
Stock Picks : Dr. Reddy`s Laboratories Ltd And Axis Bank Ltd By ICICI Direct
Source: ICICI Direct
2024-07-22 11:04:39 am
Flipkart rolling out own payments app 'Super.money'  E-commerce giant Flipkart has started rolling out its own payments app Super.money, in a fintech push, over a year and a half after separating from PhonePe.  Now live in beta on the Play Store, the new app allows users to make mobile payments via UPI, reports TechCrunch on Wednesday. "With an uncluttered UX and focus on great rewards for every transaction, super.money intends to change the way people engage with and consume financial services," a Super.money spokesp...
Flipkart rolling out own payments app 'Super.money'
Flipkart rolling out own payments app 'Super.money'
Source: IANS
2024-06-27 10:24:45 am
India's Axis Bank raises stake in Max Life Insurance for $4.3 million India's Axis Bank acquired additional equity shares of Max Life Insurance Company, a unit of Max Financial Services, for 3.36 billion rupees ($4.32 million), the private lender said on Wednesday. The bank's board of directors approved the proposal to acquire Max Life shares, raising Axis entities' total holding in the insurance firm to 19.99% from 19.02%. Axis entities include the bank as well as investment solutions provider Axis Securities and financial services provider A...
India's Axis Bank raises stake in Max Life Insurance for $4.3 million
India's Axis Bank raises stake in Max Life Insurance for $4.3 million
Source: Reuters
2024-06-19 04:12:49 pm
Stock Picks : Reliance Industries Ltd. And Axis Bank Ltd. By ICICI Direct Reliance Industries Ltd. Buy Reliance Industries Ltd. @ 2962-2965 Target 2995.00 Stop Loss 2947.40   Axis Bank Ltd. Buy Axis Bank Ltd. @ 1191-1193 Target 1205.00 Stop Loss 1185.80   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : Reliance Industries Ltd. And Axis Bank Ltd. By ICICI Direct
Stock Picks : Reliance Industries Ltd. And Axis Bank Ltd. By ICICI Direct
Source: ICICI Direct
2024-06-19 10:25:51 am
Neutral Axis Bank Ltd.For Target Rs.1,200 By Motilal Oswal Financial Services Margins expand 5bp QoQ; treasury gains aid earnings CD ratio moderates to ~90% * AXSB reported healthy PAT beat at INR71.3b (up 7.6% YoY/17.4% QoQ), driven by healthy revenue growth and treasury gains. * NIMs expanded 5bp QoQ to 4.06% on a favorable asset mix even as funding cost pressure is likely to continue until 1HFY25. * Loan growth was healthy at 14% YoY/3.5% QoQ, while deposits grew 12.9% YoY/6.3% QoQ. The CD ratio moderated to 90.3%. * Fresh slippages declined to INR34...
Neutral Axis Bank Ltd.For Target Rs.1,200 By Motilal Oswal Financial Services
Neutral Axis Bank Ltd.For Target Rs.1,200 By Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2024-06-14 02:33:57 pm
Neutral Axis Bank Ltd.For Target Rs. 1,200 By Motilal Oswal Financial Services Margins expand 5bp QoQ; treasury gains aid earnings CD ratio moderates to ~90% * AXSB reported healthy PAT beat at INR71.3b (up 7.6% YoY/17.4% QoQ), driven by healthy revenue growth and treasury gains. * NIMs expanded 5bp QoQ to 4.06% on a favorable asset mix even as funding cost pressure is likely to continue until 1HFY25. * Loan growth was healthy at 14% YoY/3.5% QoQ, while deposits grew 12.9% YoY/6.3% QoQ. The CD ratio moderated to 90.3%. * Fresh slippages declined to INR34...
Neutral Axis Bank Ltd.For Target Rs. 1,200 By Motilal Oswal Financial Services
Neutral Axis Bank Ltd.For Target Rs. 1,200 By Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2024-06-13 03:08:59 pm
Paytm shows early signs of recovery in UPI transactions, sees growth in payment value processed Payment and financial services company Paytm is witnessing early signs of recovery and strong stabilisation for its Unified Payments Interface (UPI) business, marking a strong turnaround for the company.  The total value of UPI transactions processed on the Paytm platform grew to Rs 1.24 trillion in May, on the back of the company launching several initiatives for users such as Credit Card on UPI, as well as pushing the lever on UPI Lite. With total transactions on the platform sta...
Paytm shows early signs of recovery in UPI transactions, sees growth in payment value processed
Paytm shows early signs of recovery in UPI transactions, sees growth in payment value processed
Source: IANS
2024-06-07 05:04:07 pm
Bank stocks trade higher after RBI keeps repo rate unchanged at 6.5% Banking stocks are trading higher on the BSE, after the Reserve Bank of India’s (RBI’s) Monetary Policy Committee (MPC) has decided to Keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.50 per cent for the eighth consecutive time. Consequently, the standing deposit facility (SDF) rate remains unchanged at 6.25 per cent and the marginal standing facility (MSF) rate and the Bank Rate at 6.75 per cent. The MPC also decided to remain focused on with...
Bank stocks trade higher after RBI keeps repo rate unchanged at 6.5%
Bank stocks trade higher after RBI keeps repo rate unchanged at 6.5%
Source: Accord Fintech
2024-06-07 02:42:44 pm
Analysts remain bullish on private banks stocks, say 'fundamentals' strong As private bank stocks recovered sharply this week, a Goldman Sachs analysis has said this offers opportunities to investors to "accumulate" private bank stocks.  The global brokerage firm said in a note that the fundamentals are more important than the narrative and "we continue to favour private banks over PSUs". The Bank Nifty index saw a sharp recovery from its 200-day moving average, closing above its rising trendline on Wednesday. Shares of HDFC Bank, I...
Analysts remain bullish on private banks stocks, say 'fundamentals' strong
Analysts remain bullish on private banks stocks, say 'fundamentals' strong
Source: IANS
2024-06-06 02:55:27 pm
Bank Sector Update : Axis vs ICICI Bank: Revisiting performance gap over recent years - Motilal Oswal Financial Services Ltd Estimate RoA gap to sustain at 40-50bp; maintain preference for ICICIBC * ICICIBC has outperformed AXSB in four out of the past five fiscals, while on a cumulative basis, ICICI Bank’s stock has outperformed AXSB by 143% over the past five years. We note that since our AXSB rating downgrade, ICICIBC has outperformed AXSB by ~11% in the past few months. * We believe that owing to constraints on the CD ratio and challenges in garnering retail d...
Bank Sector Update : Axis vs ICICI Bank: Revisiting performance gap over recent years - Motilal Oswal Financial Services Ltd
Bank Sector Update : Axis vs ICICI Bank: Revisiting performance gap over recent years - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-06-05 10:55:49 am
Sensex slips 139 points on negative global cues  Indian frontline indices Sensex and Nifty opened in the red, following negative global cues from US and Asian peers. At 9:45 a.m., Sensex was trading 139 points or 0.19 per cent lower at 73,865 points and Nifty was down 25 points or 0.11 per cent, at 22,476 points. Nifty Midcap 100 was down 84 points or 0.16 per cent, at 51,784 points and Nifty Small 100 was down 35 points or 0.21 per cent, at 16,975 points. In early trade, the India Volatility Index (India VIX) was up 7.21 per...
Sensex slips 139 points on negative global cues
Sensex slips 139 points on negative global cues
Source: IANS
2024-05-21 11:58:35 am
Sensex, Nifty extend winning streak in special trading sessions, TCS & Nestle lead The special trading sessions on Saturday saw Indian equity markets extending their winning streak as the benchmark indices ended higher on both of the special sessions. While the BSE Sensex closed above 74,000, up 342 points (0.46 per cent) the NSE Nifty 50 advanced 35.9 points or 0.16 per cent, to end at 22,502. During the day, the Sensex rose as much as 0.33 per cent to 74,162.76. Ajit Mishra, senior vice president, research, Religare Broking Ltd, said the benchmark indices experie...
Sensex, Nifty extend winning streak in special trading sessions, TCS & Nestle lead
Sensex, Nifty extend winning streak in special trading sessions, TCS & Nestle lead
Source: IANS
2024-05-18 02:25:07 pm
Stock Picks : Axis Bank Ltd And National Aluminium Ltd By ICICI Direct Axis Bank Ltd. Buy Axis Bank Ltd. @ 1123-1125 Target 1138 Stop Loss 1118.2   National Aluminium Ltd Buy National Aluminium Ltd. @ 190-190.5 Target 193 Stop Loss 188.7   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631  
Stock Picks : Axis Bank Ltd And National Aluminium Ltd By ICICI Direct
Stock Picks : Axis Bank Ltd And National Aluminium Ltd By ICICI Direct
Source: ICICI Direct
2024-05-15 11:11:52 am
Stock Picks : Axis Bank Ltd And Havells India Ltd By ICICI Direct Axis Bank Ltd  Buy Axis Bank Ltd. @ 1133-1135 Target 1146 Stop Loss 1128.4   Havells India Ltd  Buy Havells India Ltd. @ 1704-1706 Target 1725 Stop Loss 1694
Stock Picks : Axis Bank Ltd And Havells India Ltd By ICICI Direct
Stock Picks : Axis Bank Ltd And Havells India Ltd By ICICI Direct
Source: ICICI Direct
2024-05-14 10:38:44 am
Buy Axis Bank Ltd.For Target Rs. 1325 By Choice Broking Ltd ??Axis Bank reported a PAT of Rs.71 bn in Q4FY24, growing by 17.4% QoQ driven by other income and lower Opex. The profit was also better than our estimated figure of Rs.63bn. Other Income came in at Rs.68 bn, growing by 38.2% YoY and 21.8% QoQ, driven by 23% YoY growth in fee income and trading gain (Rs.10 bn). NII rose by 11.5% YoY and 4.4% QoQ in the quarter, NIM came in at 4.06%, expanding  by 6 bps from Q3FY24. The bank also reported significant improvement i...
Buy Axis Bank Ltd.For Target Rs. 1325 By Choice Broking Ltd
Buy Axis Bank Ltd.For Target Rs. 1325 By Choice Broking Ltd
Source: Centrum Broking Ltd
2024-05-08 10:47:03 am
Touched 5 mn UPI transactions monthly after Paytm partnership: Yes Bank CEO Yes Bank saw a key growth in unified payments interface (UPI) transactions monthly -- from nearly 3.3 to 5 million -- after its partnership with Paytm, its Managing Director and CEO, Prashant Kumar, said on Saturday. Yes Bank registered Rs 452 crore in net profit for the fourth quarter (Q4) of FY24 compared to Rs 202.43 crore in the same quarter last fiscal year. After the robust quarterly results, Kumar said that before the partnership with Paytm, "we were seeing around 3.3 millio...
Touched 5 mn UPI transactions monthly after Paytm partnership: Yes Bank CEO
Touched 5 mn UPI transactions monthly after Paytm partnership: Yes Bank CEO
Source: IANS
2024-04-28 08:54:35 am
FIIs sold equity worth Rs 25,853 crore in last seven days While foreign institutional investors (FIIs) sold heavily in the past few days, the selling has been countered by domestic funds. During the last seven days, FIIs sold equity worth a massive Rs 25,853 crores but the domestic institutional investors (DII) buying overwhelmed this FII selling and the market continued its upward momentum, says V. K. Vijayakumar, Chief Investment Strategist, Geojit Financial Services. The overarching trend of this market is its bullishness despite negative t...
FIIs sold equity worth Rs 25,853 crore in last seven days
FIIs sold equity worth Rs 25,853 crore in last seven days
Source: IANS
2024-04-25 12:00:48 pm
India`s Axis Bank re-appoints Amitabh Chaudhry as MD, CEO India's Axis Bank has re-appointed Amitabh Chaudhry as its chief executive officer and managing director, the private lender said on Thursday. Chaudhry, who joined Axis Bank as its MD and CEO in January 2019, has been re-appointed for three years, effective January 1, 2025. The decision is subject to approval from the Reserve Bank of India (RBI), the lender said. Axis Bank beat fourth-quarter profit estimates on Wednesday, propelled by strong loan growth and higher lending income.
India`s Axis Bank re-appoints Amitabh Chaudhry as MD, CEO
India`s Axis Bank re-appoints Amitabh Chaudhry as MD, CEO
Source: Reuters
2024-04-25 11:35:35 am