Jay Thakkar of Anand Rathi has a sell call on Axis Bank Ltd. with a target price of Rs 675. The current price of Axis Bank Ltd. is Rs 705.7 Time period given by the analyst is Intra Day when Axis Bank Ltd. price can reach defined target. . Jay Thakkar recommended to keep a stoploss at Rs 720 .
Axis Bank Ltd., incorporated in the year 1993, is a banking company (having a market cap of Rs 198989.97 Crore).
Axis Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills which contributed Rs 41322.02 Crore to Sales Value (75.15 % of Total Sales), Income From Investment which contributed Rs 11349.07 Crore to Sales Value (20.64 % of Total Sales), Interest which contributed Rs 1621.33 Crore to Sales Value (2.94 % of Total Sales) and Interest On Balances with RBI and Other Inter-Bank Funds which contributed Rs 693.35 Crore to Sales Value (1.26 % of Total Sales)for the year ending 31-Mar-2019.
The Bank has reported a Gross Non Performing Assets (Gross NPAs) of Rs .00 Crore (.00 % of total assets) and Net Non Performing Assets (Net NPAs) of Rs .00 Crore (.00% of total assets).
For the quarter ended 31-12-2019, the company has reported a Consolidated Interest Income of Rs 12522.65 Crore, up 2.78 % from last quarter Interest Income of Rs 12183.88 Crore and up 14.88 % from last year same quarter Interest Income of Rs 10900.57 Crore. The bank has reported net profit after tax of Rs 1884.00 Crore in latest quarter.
Source: Economic Times
