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 Reliance Securities's Stock Idea
Reliance Securities is Bullish on Axis Bank Ltd.
Idea Submitted on 23Jan,2018
  • 75 Total Ideas
  • 1 Active Ideas
  • 74 Closed Ideas
  • 0 Friends
  • 1 Followers
  • Avg. Returns
     0.15%
    Rank
    41
    Success Rate
      50.67%
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      Buy Axis Bank Idea
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      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
    729.45
    Sentimeter
    Buy Calls: 18 Sell Calls: 9
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