Axis Bank has the stock on the tree and recommended its January 17, 2011 research report, rating with a target of Rs 1,601
"With a net profit Axis Bank numbers of outstanding 36% yoy to Rs 891 crore, has set higher than our expectations and the market. More and more companies, the profits and Delta NII main reason for the expected increase in variance was. NII 28% year of year and 7% quater of quater strong credit growth and sequential margin improvement driven by quarterly comparison. net interest rate margins de-growth in time deposits, behind the strong CASA development, growth and base rate and prime lending rates 3.81% on strong traction in high-interest loans to private customers 13bps. Not -interest income 16% over the previous year and 11% healthy growth in fee income and trading profit growth driven by higher second quarter." For more read full story
No comments:
Post a Comment