BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Nomura upgrades Axis Bank to buy
Nomura has upgraded its rating on Axis Bank to "buy" from "neutral" earlier for a target price of Rs 550. Asset quality risk already priced in, says Nomura. Valuation looks attractive after recent underperformance and in long run we expect the bank to generate normalised return on equity, the brokerage added.