Business Standard

Axis Bank re-rating to continue on steady NIMs, cheap valuation: Analysts

Axis Bank stock price: Shares of Axis Bank surged 6.5 per cent to Rs 1,133 apiece on the BSE in Thursday's intraday trade

Axis Bank
Web Exclusive Premium

Nikita Vashisht New Delhi
Re-rating of Axis Bank's stock may continue in the near-future, believe analysts, as the risk-reward on the stock remains favourable amid healthy financials.

The bullish stance comes after the Mumbai-based lender delivered a strong outperformance in the March quarter of fiscal year 2023-24 (Q4FY24) on core pre-provision profit and net profit, with improving asset quality. Axis Bank's net interest margin (NIM) expanded, against expectations, even in a tough market. 

On the bourses, Axis Bank stock price surged 6.5 per cent to Rs 1,133 apiece on the BSE in Thursday's intraday trade. The stock settled as the top

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Apr 25 2024 | 11:28 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com