BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Closed|| Long (1Y)
Morgan Stanley maintains overweight on Axis Bank
Morgan Stanley has maintained 'overweight' on Axis Bank for target price of Rs 740/share. It has increased target price to Rs 740 from Rs 600/share. Morgan Stanley says, next couple of quarters will be volatile and expects investors to start looking beyond NPL cycle. It adds that the underlying growth and market share gains remain strong and discount to retail lenders should narrow from here on.