Neutral on Axis Bank, target price Rs 1,225: Motilal Oswal Financial Services
Motilal Oswal Financial Services has a neutral call on Axis Bank with a target price of Rs 1,225. The current market price of Axis Bank Ltd. is Rs 1195.25. Axis Bank, incorporated in 1993, is a bank with a market cap of Rs 370216.15 crore.
Axis Bank's 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 30-09-2024, the company has reported a consolidated total income of Rs 39203.77 crore, up 3.72% from last quarter Total Income of Rs 37795.88 crore and up 18.36% from last year same quarter total Income of Rs 33122.23 crore. The bank has reported net profit after tax of Rs 7401.26 Crore in latest quarter.
Investment Rationale
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