Axis Bank Ltd., incorporated in the year 1993, is a banking company (having a market cap of Rs 217296.37 Crore).
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 21028.45 Crore, up 5.61 % from last quarter Total Income of Rs 19910.93 Crore and up 1.17 % from last year same quarter Total Income of Rs 20786.23 Crore. The bank reported net profit after tax of Rs 2941.41 Crore in latest quarter.
Investment Rationale
Price sustaining above the recent falling channel breakout area containing past nine week corrective phase indicating resumption of up move
Promoter/FII Holdings
Promoters held 13.9 per cent stake in the company as of Dec 30, 2020, while FIIs held 51.4 per cent, DIIs 23.2 per cent and public and others 11.5 per cent.
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Axis Bank share price: Buy Axis Bank, target price Rs 770: ICICI Securities
ICICI Securities has buy call on with a target price of Rs 770. The current market price of Axis Bank Ltd. is Rs 724.15.
