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AXIS BANK LTD.AXIS BANK LTD.AXIS BANK LTD.

AXIS BANK LTD.

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AXISBANK trade ideas

Axis bank has a chance to ace it..Axis Bank Ltd. engages in banking and financial services. It provides financial solutions to retail, small and medium enterprises, government, and corporate businesses. It operates through the following segments: Treasury, Retail Banking, Corporate or Wholesale Banking, and Other Banking Business. The Other Banking Business segment encompasses para banking activities such as third party product distribution advisory and other banking transactions. Axis Bank Ltd. CMP is 1188.80. The positive aspects of the company are low Valuation (P.E. =13.8), Company with Zero Promoter Pledge, Increasing Revenue every Quarter for the past 8 Quarters, Mutual Funds Increased Shareholding over the Past Two Months, MFs increased their shareholding last quarter and Book Value per share Improving for last 2 years. The Negative aspects of the company are Poor cash generated from core business, declining Cash Flow from Operations and Increase in Provisions in the recent results. Entry can be taken after closing above 1191 Targets in the stock will be 1206, 1243 and 1270. The long-term target in the stock will be 1292, 1313 and 1337. Stop loss in the stock should be maintained at Closing below 1127. The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:AXISBANKLong
by Happy_Candles_Investment