Axis Bank slips over 1% ahead of Q1 results today; here's what to expect

Emkay Global expects the net profit to zoom 97 per cent YoY and contract 18 per cent QoQ at Rs 2,196 crore

Shares of private lender Axis Bank slipped 1.3 per cent in intra-day deals on Monday ahead of the bank’s June quarter (Q1FY22) results announcement due later in the day. At 9:27 AM, the stock was trading 0.4 per cent lower as against a 0.06 per cent rise in the benchmark S&P BSE Sensex.
 

In three-months to June, the scrip of the Mumbai based lender advanced 7 per cent on the BSE, in-line with the Sensex’s rally. It, however, outperformed the BSE Bankex index’s around 4 per cent gain during the period, ACE Equity data show. 
 

Here’s what leading brokerages expect