Axis Bank Q4: Growth accelerates but sustainability is key, say analysts

Axis Bank on Tuesday reported gross non-performing assets (GNPAs) and net NPAs (NNPAs) of 3.7 per cent and 1.05 per cent in Q4FY21, down from 4.55 per cent and 1.19 per cent (pro forma) in Q3FY21

Axis Bank Q4 Analysis: Axis Bank shares were trading in a narrow range on Wednesday, a day after the lender posted a solid earnings report card for the March quarter. At the bourses, the scrip traded between Rs 688-Rs 713 (-1.5 per cent to 2 per cent) on the BSE relative to Tuesday's close of Rs 699 apiece. The stock eventually ended 1.2 per cent higher at Rs 708 apiece as against a 1.6 per cent gain in the benchmark S&P BSE Sensex.

Lauding the bank for its prudent efforts towards stabilising the asset quality concerns, analysts now believe sustainability