Buy Axis Bank, Target Rs 860: Sharekhan

Buy Axis Bank, Target Rs 860: Sharekhan

Buy Recommendation by Sharekhan

Axis Bank

Sharekhan recommended a buy rating on Axis Bank with a target of Rs 860. The brokerage believes that long term positivities offer comfort. Besides the recent price correction(~10% in the last 2 months) make the risk-reward favourable. 

According to the brokerage, the stock Axis bank is a potential candidate for re-rating due to its improving fundamentals. Furthermore, the brokerage believes that the factors like incremental addition to better-rated clients and its own client-driven retail strategy augur well.

Also, sale deals by borrowers risk weights reduction by RBI for retail loans, its own robust franchise, adequate capitalization, and de-risking strategy make Axis bank an attractive investment option for investors. 

Disclaimer: The perspectives and investment tips given in this section are the expert’s own and not that of the website or its management. We encourage clients to check with certified experts before taking any position in the stocks/shares mentioned.

 

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