Axis Bank posted good set of results after disappointments by IndusInd Bank, Kotak Bank and HDFC Bank. Though Net profit is below estimates but it witnessed decent loan growth of 5.5% and NII growth of 15%. Slippages have increased due to exposure to telecom sector but there is no sharp rise in stressed assets.

Stocks has already corrected ahead of results where 710- 700 is a strong support area for the stock and if it manages to hold this level then we can expect a short covering rally towards 200-DMA of 733.


Above views are of the author and not of the website kindly read disclaimer   



0 thoughts on “Views On Q3 Result of Axis Bank by Mr Santosh Meena”

Post Comment

  Share Tips

Intraday trading is an art of earning money from stock market and it requires a lot of patience and time to allocate in the daily schedule. But to see money from market is not an easy thing which it always do not gives opportunity with high profits. Many people do not have time to do intraday trading in their daily jobs in office or business. But here we make it very simple and easy.

Daily News