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Sell Axis Bank, target price Rs 680: Shrikant Chouhan

Shrikant Chouhan recommended to keep stoploss at Rs 730.

ETMarkets.com|
Updated: Nov 15, 2019, 09.28 AM IST
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Axis Bank Ltd., incorporated in the year 1993, is a banking company (having a market cap of Rs 201820.59 Crore).
Shrikant Chouhan of Kotak Securities Limited has sell call on Axis Bank Ltd. with a target price of Rs 680.0 . The current market price of Axis Bank Ltd. is Rs 715.35 Shrikant Chouhan recommended to keep stoploss at Rs 730
Axis Bank Ltd., incorporated in the year 1993, is a banking company (having a market cap of Rs 201820.59 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 30-09-2019, the company has reported a Consolidated Interest Income of Rs 12183.88 Crore, up 3.89 % from last quarter Interest Income of Rs 11727.25 Crore and up 19.49 % from last year same quarter Interest Income of Rs 10196.30 Crore. The bank has reported net profit after tax of Rs -18.14 Crore in latest quarter.

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