Business Standard

Axis Bank to focus on subsidiaries for growth, analysts cheer strategy

Subsidiaries together account for at least 5 per cent of the bank's valuations from nearly zero a few years back.

Representative image

Representative image

Hamsini Karthik
Axis Bank recent analysts’ meeting has drawn a lot of attention from investors and the Street. An 18 per cent return on equity target by FY22, top management changes, and a new strategy for profitability and sustainability were key takeaways from the meeting and they went down well with investors. Analysts believe a lot of these positives, including expectations of steep improvement in asset quality, are adequately baked into Axis Bank’s stock valuations.

The stock needs fresh triggers for re-rating to progress. A critical aspect, which could secure a steady upward movement, will be improved value addition from Axis Bank’s

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First Published: Mar 28 2019 | 4:43 PM IST

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