BQ Prime'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 BQ Prime's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
We attended Axis Bank Ltd.'s analyst day wherein the management demonstrated its ongoing investments in building robust digital capabilities to support sustainable business growth. The key focus revolves around delivering comprehensive digital journeys and enhancing customer experiences.
Through diverse digital capabilities and strategic partnerships within the ecosystem, Axis Bank is experiencing significant growth and establishing itself as a robust customer acquisition engine.
Axis Bank has been reporting strong growth in the retail and mid-corporate segment, which along with micro, small and medium enterprise would remain the key growth driver.
Axis Bank suggested for continued investment in the business, given a favorable environment, and thus, enabling 4-6% higher growth than the system over the medium term. We estimate Axis Bank to deliver FY25E return on asset/return on equity of 1.9%/16.6%.
We reiterate our 'Buy' rating with a target price of Rs 1,150.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BQ Prime 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 BQ Prime.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
