 "Axis Bank")
The Axis Bank stock has been a laggard among its private sector peers following the June quarter (Q1) results. With the stock once again testing the Rs 480-level, the bank has lost nearly nine per cent of its market capitalisation since July 25.
However, despite the underperformance, the sentiment seems to be gradually improving, because of three factors — credit cost guidance maintained at 175-225 basis points for FY18 despite fresh asset quality pangs likely from loans to the power sector, improving performance of its retail franchise and the Street getting a taste of its subsidiaries.
The bank’s
However, despite the underperformance, the sentiment seems to be gradually improving, because of three factors — credit cost guidance maintained at 175-225 basis points for FY18 despite fresh asset quality pangs likely from loans to the power sector, improving performance of its retail franchise and the Street getting a taste of its subsidiaries.
The bank’s
