INSUBCONTINENT EXCLUSIVE:
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
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)
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.
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