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Buy Axis Bank, price target Rs 784: Dharmesh Shah

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The analyst suggested a stoploss at Rs 725.ETMarkets.com|Updated: Dec 17, 2019, 08.26 AM ISTShutterstock.comAxis Bank Ltd., incorporated in the year 1993, is a banking company (having a market cap of Rs 210644.05 Crore).

Dharmesh Shah of ICICI Direct has a buy call on Axis Bank Ltd.

with a target price of Rs 784.0 .

The current price of Axis Bank Ltd.

is Rs 747.1 .

Dharmesh Shah recommended to keep a stoploss at Rs 725 .

Axis Bank Ltd., incorporated in the year 1993, is a banking company (having a market cap of Rs 210644.05 Crore).

Axis Bank Ltd.

key Products/Revenue Segments include Interest - Discount on Advances - Bills which contributed Rs 41322.02 Crore to Sales Value (75.15 % of Total Sales), Income From Investment which contributed Rs 11349.07 Crore to Sales Value (20.64 % of Total Sales), Interest which contributed Rs 1621.33 Crore to Sales Value (2.94 % of Total Sales) and Interest On Balances with RBI and Other Inter-Bank Funds which contributed Rs 693.35 Crore to Sales Value (1.26 % of Total Sales)for the year ending 31-Mar-2019.

The Bank has reported a Gross Non Performing Assets (Gross NPAs) of Rs .00 Crore (.00 % of total assets) and Net Non Performing Assets (Net NPAs) of Rs .00 Crore (.00% of total assets).

For the quarter ended 30-09-2019, the company has reported a Consolidated Interest Income of Rs 12183.88 Crore, up 3.89 % from last quarter Interest Income of Rs 11727.25 Crore and up 19.49 % from last year same quarter Interest Income of Rs 10196.30 Crore.

The bank has reported net profit after tax of Rs -18.14 Crore in latest quarter. Buy Dhampur Sugar Mills, price target Rs 220: Dharmesh ShahBuy KEC International, price target Rs 312: Dharmesh ShahBuy HDFC, price target Rs 2,455: Dharmesh ShahSell TVS Motor, price target Rs 418: Dharmesh ShahCommenting feature is disabled in your country/region.Disclaimer: This recommendation is analyst's own and does not represent those of economictimes.com - ETMarkets.com.

Please consult your financial advisor before taking any position in the stock/s mentioned.




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