Shares of Axis Bank have surged ahead of Q4 earnings. The bank is likely to report a more robust rise in NII, which is the core income for banks, though on a smaller base as compared to ICICI Bank. Its NII is seen to rise 29 per cent at Rs 2,195 crore against Rs 1,701 crore (Y-o-Y). However, Sharp increase in QoQ slippages is unlikely.
Further, the banks’ loan growth is expected to be at 20 per cent. Priority sector lending is likely to boost overall loan growth. However, its margins might be slightly under pressure. Bank restructured loans aggregated Rs 295 crore during Q3. Total restructured assets at Q3 end were at Rs 2,701 crore.
Axis Bank is currently trading at Rs 1107.35, up by 21.15 points or 1.95% from its previous closing of Rs 1086.20 on the BSE.
The scrip opened at Rs 1091.00 and has touched a high and low of Rs 1115.20 and Rs 1077.20 respectively. So far 261496 shares were traded on the counter.
The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 1367.10 on 01-Aug-2011 and a 52 week low of Rs 784.50 on 02-Jan-2012.
Last one week high and low of the scrip stood at Rs 1188.50 and Rs 1075.90 respectively. The current market cap of the company is Rs 45741.68 crore.
The promoters holding in the company stood at 37.38% while Institutions and Non-Institutions held 46.34% and 7.74% respectively.
| Company Name | CMP |
|---|---|
| HDFC Bank | 1797.85 |
| ICICI Bank | 1307.15 |
| Axis Bank | 1077.50 |
| Kotak Mahindra Bank | 1759.50 |
| Indusind Bank | 953.55 |
| View more.. | |
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Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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