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Axis Bank Q3 Results Review — IDBI Capital Lowers Target Price But Maintains 'Buy' On The Stock; Here's Why
The brokerage maintains Buy rating on Axis Bank with the new target price of Rs 1,300 (earlier Rs 1,405) valuing the parent business at Rs 1,225 at 1.7x P/ABV FY27E and rest for the subsidiaries.
17 Jan 2025, 10:06 AM IST 
Axis Bank reported slowdown in credit growth during Q3 FY25 to 9% YoY versus 11% YoY (Q2 FY25).(Photographer: Vijay Sartape/ Source: NDTV Profit)
Axis Bank's return on asset had improved in the last financial year majorly led by improvement in margins. However, margin pressure is expected as rate cut cycle starts.
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