Axis Bank's profit may beat estimates - StarMine

Reuters Market Eye - Axis Bank Ltd may beat consensus profit forecast for the October-December quarter when it reports results later in the day, Thomson Reuters StarMine's SmartEstimates shows.

StarMine's SmartEstimates, which places greater emphasis on forecasts by top-rated analysts, expects Axis Bank to report a profit of 15.29 billion rupees for the quarter, compared with a consensus mean estimate of 14.92 billion rupees.

At 0855 GMT, Axis Bank shares up 1.2 percent.

(Reporting Abhishek Vishnoi)