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Axis Bank analyst meet: To focus on strong digi-retail banking; analysts bullish on stock amid reasonable valuations
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Axis Bank analyst day: Brokerages have maintained a "buy" rating on Axis Bank's stock following its analyst day, and they estimate a 13% to 23% upside for the stock. According to reports, providing comprehensive digital journeys and improving customer experiences were the main priorities of Axis Bank.
Additionally, Amitabh Chaudhry, MD and CEO, as well as functional and business heads, provided an update on the structural alterations and transformational projects the bank has undertaken in recent years during the Axis Bank analyst day. As per brokerage reports, Axis Bank has achieved a consolidated return on equity (RoE) of 18% over the last five quarters, and it believes this level of performance can be sustained.
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