Buy Axis Bank, target price Rs 1375: JM Financial
Axis Bank with a target price of Rs 1375. The current market price of Axis Bank Ltd. is Rs 1166.1. Axis Bank Ltd., incorporated in the year 1993, is a banking company (having a market cap of Rs 360940.79 Crore).
Axis Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest and Interest On Balances with RBI and Other Inter-Bank Funds for the year ending 31-Mar-2024.
Financials For the quarter ended 30-06-2024, the company reported a Consolidated Total Income of Rs 37795.88 Crore, down -.11 % from last quarter Total Income of Rs 37836.10 Crore and up 18.50 % from last year same quarter Total Income of Rs 31894.20 Crore. The bank reported net profit after tax of Rs 6436.43 Crore in latest quarter.
Promoter/FII Holdings Promoters held 8.31 per cent stake in the company as of 30-Jun-2024, while FIIs owned 53.43 per cent, DIIs 31.61 per cent.
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