External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

External broker reports(aggregated public sources)

Equity Bottom-Up

<p>We tweak our FY22 and FY23 earnings forecasts by 3% and 5% respectively to factor in the rising pricing power on both sides of the balance sheet. Maintain BUY with a revised TP of INR 825 (earlier INR 758). Having further stabilised both sides of the balance sheet during a year marred by a pandemic and lockdowns, Axis Banks FY21 annual report points at a franchise that is selectively upping its tech investments (79% growth in spend over 24m), which is reflecting in its enhanced business productivity.</p><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

We tweak our FY22 and FY23 earnings forecasts by 3% and 5% respectively to factor in the rising pricing power on both sides of the balance sheet. Maintain BUY with a revised TP of INR 825 (earlier INR 758). Having further stabilised both sides of the balance sheet during a year marred by a pandemic and lockdowns, Axis Banks FY21 annual report points at a franchise that is selectively upping its tech investments (79% growth in spend over 24m), which is reflecting in its enhanced business productivity.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Axis Bank (Annual Report Analysis): Stabilised franchise gets future ready. Maintain BUY

India

Axis Bank Limited provides a full range of banking services throughout India. The Group's activities include retail banking, investment management, merchant banking, treasury and NRI services, cash and credit management services, and ATM facilities.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Axis Bank Ltd (AXSB IN)

Axis Bank (Annual Report Analysis): Stabilised franchise gets future ready. Maintain BUY

We tweak our FY22 and FY23 earnings forecasts by 3% and 5% respectively to factor in the rising pricing power on both sides of the balance sheet....

HDFC Securities

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)