Axis Bank Ltd
AXISBANK

489.35

Open ()
Turnover (lac)
Prev. Close ()
Day's Vol.(shares)

489.20

Open ()
Turnover (lac)
Prev. Close ()
Day's Vol.(shares)

490.70

Open ()
Open Interest
(Contracts)
VWAP ()
Day's Vol
(shares)
Detailed Quote

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Accumulate
Reco. Price
Rs 515.60
We recommend ACCUMULATE on the stock on account of steady loan growth. The bank improved its assets quality by reducing watch-list loans to 2.8% of net advances. The stock is currently trading at a reasonable valuation of FY18E P/BV of 1.6x. (Target Price - Rs.557.6)
Detailed View
50 DMA (.)
490.30
100 DMA (.)
477.53
200 DMA (.)
515.81
Weekly Range (.)
483.00
518.25
Monthly Range (.)
483.00
527.90
52 Weeks Range (.)
417.50
638.30
Detailed Chart