The two lenders posted strong performance in Q2, and analysts' target prices indicate upside of at least 35-40%
Maruti expects December production at its Gujarat and Haryana plant to be impacted by the ongoing semiconductor shortage
The order came after Axis Bank challenged the communication issued on December 8, 2020 by NSE
The ratings agency has maintained 'Negative' on the bank's long-term IDR
Expect PNB, Bandhan Bank and other banks to trade with a negative bias below 200-DMA
The current market sentiment is uncertain and may provide opportunities in major stocks. Here are five bank stocks that look good on the technical charts for a 10 per cent upside in one month
Reliance Industries has decided to implement a Scheme of Arrangement (Scheme) to transfer Gasification Undertaking into a wholly-owned subsidiary (WOS)
The country's largest lender, SBI, is looking at raising an additional Rs 4,000 crore, Axis Bank Rs 2,000 crore and Canara Bank Rs 1,500 crore
Here's a list of stocks recommended by top brokerage and research firms that can help you build your portfolio this Diwali
Bajaj Finance, Bajaj Finserv, IndusInd Bank, HUL, Tata Steel and NTPC were among the other laggards
Anand, an Executive Director in charge of wholesale banking at present, has been with the Axis Group for 12 years
Stock market LIVE: Broader indices also trimmed gains at close; PSU banking shares were in demand, while private banking shares witnessed selling pressure
The broader markets may swing to the global cues, while individual stocks are likely to react to corporate earnings and company specific developments in trade today
The bank reported a weak operating performance in the quarter ended September 2021, owing to decline in margin, higher opex and sluggish business growth
Strong fee income, fall in provisions boost bottom line
Private sector Axis Bank on Tuesday reported an over 86 per cent jump in its standalone net profit at Rs 3,133.32 crore in the second quarter ended September 2021. The bank had posted a net profit of Rs 1,682.67 crore during the same period of the previous fiscal year. Total standalone income during July-September 2021-22 rose to Rs 20,134.39 crore, from Rs 19,550 crore in the same period of 2020-21, Axis Bank said in a regulatory filing. The bank showed improvement on the asset quality front, as the gross non-performing assets (NPAs) or bad loans fell to 3.53 per cent of the gross advances by the end of September this year from 4.18 per cent in the same period a year ago. Net NPAs, however, rose to 1.08 per cent from 0.98 per cent. Bank's provisions for bad loans and contingencies for the reported quarter fell substantially to Rs 1,735 crore from Rs 4,343 crore put aside in the year-ago period. Shares of Axis Bank closed at Rs 842.25 apiece on the BSE, down 0.33 per cent from th
The BSE Midcap index gained 1.8 per cent, while the Smallcap index rallied 2.2 per cent. All sectoral indices also ended with gains, Realty, Metal and Consumer Durables were the major gainers
Valuation and inflation worries, high crude prices and sustained selling by foreign funds may weigh on market sentiment, while stock specific action shall continue
The technical analyst from Prabhudas Lilladher finds both these stock attractive on the charts
According to the technical analyst from Anand Rathi, Axis Bank is in a secular uptrend and can rally up to Rs 870