Tag: axis

Fitch said its IDR ratings reflect expectation of a moderate probability of extraordinary state support from the government relative to large state banks.

On Thursday, Axis Bank shares surged 5% to reach the day\’s peak at Rs 1,119, following the company\’s release of better-than-anticipated results. The bank reported a formidable profit of Rs 7,129.67 crore for the March quarter, buoyed by margin expansion and increased non-core incomes.

Kotak Mahindra Bank loses fourth position to Axis Bank on Dalal Street. Shares drop 10% post RBI ban. Analysts foresee derating if issues persist, impacting profitability and growth trajectory.

The anticipated recovery in profit after tax (PAT) is expected to be driven by an increase in interest income. Analysts forecast the bank to report a net interest income of Rs 12,926 crore, reflecting a 10.60% year-on-year growth, according to average estimates.

Nishit Master predicts Nifty50 at 24000 with high single-digit returns. Post-election policy uncertainty poses a risk. Geopolitical tensions may affect energy prices and Rupee, impacting the bull rally.

“The investment in metals has not kept pace with the implied demand and typically for any mining capacity to come onstream it takes 10 to 15 years.”

“The investment in metals has not kept pace with the implied demand and typically for any mining capacity to come onstream it takes 10 to 15 years.”