Reliance Securities's Stock Idea
Reliance Securities is Bullish on Axis Bank Ltd.
Idea Submitted on 23Jan,2018
  • 75 Total Ideas
  • 0 Active Ideas
  • 75 Closed Ideas
  • 0 Friends
  • 1 Followers
  • Avg. Returns
     0.08%
    Rank
    49
    Success Rate
      50.67%
     Hi, GuestPlease Login to View Clearly
      Buy Axis Bank Idea
    Connect with top Investors, Financial Advisors and Stock Analysts
    Stockadda helps you make smarter and well informed investment decisions.
      Idea Status :  Closed
    Stop Loss Triggered
    Idea Closed at 526.55 (21Feb,18 09:41:am)
     Time Frame
    1year
     Start Price
    620
     Target Price
    726
     Stop Loss
    527
     Projected Gain
    106 (17.1% Upside)
     Returns Achieved
    -93.45     -15.07%
     Analysis
    Looking ahead, we expect the Bank to sustain further improvement in operating metrics led by dwindling headwinds on asset quality front and improving balance sheet growth especially in Retail segment. Rolling over our estimates to FY20E, we upgrade our recommendation on the stock to BUY from HOLD with a revised Target Price of Rs726 (from Rs506 earlier) based on 2.4x FY19 Adjusted book value. View Research Report (Time period & Stop Loss Auto Inserted)

    Link to Report: READ FULL REPORT

     Stock Price Movement (EOD Basis)
     C.M.P Axis Bank
    733.6
    Sentimeter
    Buy Calls: 22 Sell Calls: 10
    0
    0
    Members Liking This Stock Idea (0)
    No Likes Yet
    Members Disiking This Stock Idea (0)
    No Dislikes Yet

    Disclaimer: The views and stock ideas expressed by members on stockadda.com are their own, and not that of the website or its management.
    The views and stock ideas are for informational purposes only and should not be construed to be recommendations to buy or sell any securities.
    Stockadda.com advises members to check & consult with certified experts before taking any investment decisions.

    Popular Investing Books

    David Clark
    Peter Mallouk
    John Mihaljevic
    David Dreman
    Jeremy Perler
    James Montier

    Most Popular Authors

    Reduce your Brokerage by 100%!!

     151 members logged in

    Share This Idea

    
    Be a Smart & Well Informed Investor!
    Join Today its Free.
    Register or Login with just one Click using your Social Account