Amitabh Chaudhry is the much-needed facelift for Axis Bank; here's why

With a strong candidate stepping at the right time, fortunes might turn in favour of the bank, say experts

D-Street seems to be happy with Amitabh Chaudhary’s appointment as Shikha Sharma’s successor at the top -- the bank’s stock surged about 4 per cent in early trade on Monday.

According to analysts, as a strong contender for the top job, Chaudhry’s entry is rightly timed (from January 1, 2019) as much of the balance sheet cleansing was done in the past three financial years. With recent mega capital infusion, this phase is accurate for an accelerated growth.
 

“Things are now falling in place and we expect earnings momentum to accelerate over FY18-21,” said analysts at Motilal Oswal Financial Services.