Axis Bank's gross slippages increased 36 bps QoQ to 2.17%, leading to a small deterioration in asset quality.
NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Anand Rathi Report
Despite consolidation in its balance sheet, Axis Bank Ltd.’s core pre-provision operating profit grew 14% YoY, 5.5% QoQ. The focus on granularization and an agile management would drive ~15% operating profit growth over FY25-27. The steep price fall makes the risk-reward in a quality franchisee attractive.
At our target price, the stock would trade at 1.6 times price/book value on the FY27e book (1.8 times FY26eBV earlier), with subsidiaries valued at Rs 57/share.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
RECOMMENDED FOR YOU

Anand Rathi Wealth Q1 Profit Rises 28% To Rs 94 Crore


HDFC Bank, SBI, ICICI Bank & More — Systematix Top Stocks To Buy In Banking Sector; Q1 Results Preview


Motilal Oswal Stays 'Neutral' On IndusInd Bank — Here's Why


Bansal Wire Industries Gets Anand Rathi's 'Buy' Initiation On Capacity Expansions, High-Margin, VAPs
