Axis Bank, IndusInd Bank could rally up to 26% in next 1 year
While any material change in the demand environment needs to be monitored, given the challenging macro environment, we expect systemic credit to grow ~13%/14% YoY in FY23/FY24, respectively
AXIS BANK LTD. - 532215 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Publication of Notice in Newspaper containing Un-audited Financial Results of the Axis Bank Limited
Buy Axis Bank; target of Rs 1120: KR Choksey
KR Choksey is bullish on Axis Bank has recommended buy rating on the stock with a target price of Rs 1120 in its research report dated October 22, 2022.
Axis bank shares hit new high, analysts raise price targets
Axis Bank delivered surprises at one go. Sustenance of performance hereon to drive further rerating," said ICICI Securities in a client note. "The Q2FY23 earnings surpassed our and consensus expectations by a wide margin. Surprise on NIM and visibility on sustainability of operating performance compel an earnings upgrade of 13% and 8% for FY23e and FY24e."
Axis sees massive jump in delivery volume as share hits record high
A day after the bank released its Q2 results, delivery volumes on the Axis Bank stock counter soared to a 21-month high recording 906 per share on the NSE. AXIS BANK LTD. - 532215 - Announcement under Regulation 30 (LODR)-Credit Rating
RATING ACTION BY FITCH RATINGS FOR AXIS BANK LIMITED ('BANK') AXIS BANK LTD. - 532215 - REAPPOINTMENT OF AMIT TALGERI - CHIEF RISK OFFICER OF AXIS BANK LIMITED
We wish to inform you that the Board of Directors at its meeting held today i.e. Friday, October 21, 2022 has approved the re-appointment of Amit Talgeri as Chief Risk Officer (CRO) of the Bank for a further period of three years with effect from January 1, 2023 up to December 31, 2025 (both days inclusive). Further, please note that he will continue to report directly to the Managing Director & CEO of the Bank. Brief profile of Amit Talgeri is enclosed as Annexure A for your reference. This is for your information and records. Q2FY23 Quarterly Result Announced for Axis Bank Ltd.
Axis Bank announced Q2FY23 results: Net Interest Income up 31% YoY and 10% QoQ, NIM at 3.96%, up 57 bps YoY and 36 bps QoQ, Fee up 20% YoY Core operating profit up 43% YoY and 19% QoQ, Operating profit up 30% YoY & 31% QoQ Retail loans up 22% YoY & 3% QoQ, SME up 28% YoY & 7% QoQ, Domestic total loans up 20% YoY & 4% QoQ On QAB basis: CASA grew 13% YoY and 2% QoQ, CASA ratio stood at 46%, up 172 bps YoY & 251 bps QoQ Overall capital adequacy ratio (CAR) including profit for H1FY23 stood at 17.72% with CET 1 ratio of 15.14% GNPA% at 2.50% declined by 103 bps YoY & 26 bps QoQ, NNPA% at 0.51% declined by 57 bps YoY & 13 bps QoQ 1.04 million credit cards issued in Q2, spends up 70% YoY with incremental spends share of 13% for last 9 months Axis Mobile is the world’s highest rated mobile banking app on Google Play store with ratings of 4.8; 10 mn+ MAU Amitabh Chaudhry, MD&CEO;, Axis Bank said, “Over the past 12 months, we have made significant strides across every identified priority area. The focus on customer obsession and digitisation has got our acquisition engine humming. The core operating profits and margins have grown on the back of strong performance across business segments. We are building a high-quality, granular franchise with the customer at the centre, while extending our network and services to semi-urban and rural geographies to tap into the Bharat opportunity. We are excited about the future of Axis Bank. ” Result PDF
Here's why Mehul Kothari expects Axis Bank to hit Rs 1,000-mark
According to the technical analyst from Anand Rathi, a weekly close above Rs 825, can potentially trigger a massive rally in Axis Bank up to Rs 1,000-mark. Results Earnings Call for Q2FY23 of Axis Bank
Conference Call with Axis Bank Management and Analysts on Q2FY23 Performance and Outlook. Listen to the full earnings transcript.