BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Closed|| Long (1Y)
Religare maintains sell on Axis Bank
Axis Bank's Q4 earnings were in-line with estimates led by strong loan growth and margin expansion. However, asset quality is likely to be a key overhang on the stock and its credit cost is seen growing going ahead. Cut earnings per share estimates for FY17 and FY18 by 15-16 per cent.