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Axis Bank Q3 Results Review- Dolat Capital Maintains 'Add', Revises Target Price; Sees 20% Upside — Here's Why

Axis Bank's valuation gap versus large private peers to continue owing to lower return on asset, growth constraints, and slightly weaker liability profile, says Dolat Capital.

<div class="paragraphs"><p>Axis Bank reported in-line profitability metrics benefitting from continued opex optimization, despite muted fee growth and slightly higher credit costs.</p><p>(Photo Source: Axis Bank's Facebook page)</p></div>
Axis Bank reported in-line profitability metrics benefitting from continued opex optimization, despite muted fee growth and slightly higher credit costs.

(Photo Source: Axis Bank's Facebook page)

Axis Bank maintains structural net interest margin guidance of 3.8% through cycles, opex optimisation will continue barring quarterly seasonality.
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