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Analysts price in 20% upside for Axis Bank post Q2
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Analysts at most brokerages retained or raised their price targets on Axis Bank after the lender reported a robust net interest margin (NIM) compared to its peers in the bank's second-quarter results. The stock gained 1.87% to close at ₹973.35 on Thursday.
The average price target on Axis Bank of all analysts compiled by Bloomberg following the second quarter results is ₹1,169.78, implying an upside of almost 20.18% over Thursday's closing.
Shares of peers HDFC Bank were down by 2.28%, ICICI Bank by 0.67%, and Kotak Mahindra Bank by 1.92%, while the Nifty Bank index declined 1.29%.
«The key highlight was stable NIM quarter-on-quarter led by better lending yields and relatively lower slippages.
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