 "Axis Bank")
Re-rating of Axis Bank's stock may continue in the near-future, believe analysts, as the risk-reward on the stock remains favourable amid healthy financials.
The bullish stance comes after the Mumbai-based lender delivered a strong outperformance in the March quarter of fiscal year 2023-24 (Q4FY24) on core pre-provision profit and net profit, with improving asset quality. Axis Bank's net interest margin (NIM) expanded, against expectations, even in a tough market.
On the bourses, Axis Bank stock price surged 6.5 per cent to Rs 1,133 apiece on the BSE in Thursday's intraday trade. The stock settled as the top
On the bourses, Axis Bank stock price surged 6.5 per cent to Rs 1,133 apiece on the BSE in Thursday's intraday trade. The stock settled as the top
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