Axis Bank shares slide 2.4% post Q4 results; what should investors do?

Global brokerage Jefferies has initiated coverage on Axis Bank stock with a target price of Rs 1,150

Axis Bank Q4 result review: A higher-than-expected net loss by Axis Bank in the January to March quarter (Q4) of financial year 2022-23 (FY23) sent its shares nosediving 3 per cent on the BSE in Friday's intra-day trade.
 

The stock of the Mumbai-based lender, however, closed 2.36 per cent lower at Rs 860 apiece as against 0.76 per cent gain in the benchmark S&P BSE Sensex, and 0.39 per cent rise in the S&P BSE Bankex index. 
 

That said, despite the Rs 5,728.42-crore net loss in Q4FY23 (vs Bloomberg's estimate of Rs 2,531.60-crore net profit), analysts remain bullish on the