Axis Bank shares rally 5% after Q2, but analysts cautious on outlook

Quick Summary:

On a quarter-on-quarter (Q-o-Q) basis, loans were up barely 2 per cent with retail up 2 per cent Q-o-Q, small and medium enterprises' (SME) loans up 6 per cent, and corporate loans staying flat Q-o-Q.

ICICI Securities, too, has cut FY25 and FY26 PAT estimates by around 2 per cent and 5 per cent on lower loan growth estimates and higher credit costs.

The stock hit an intraday high of Rs 1,186 per share on the BSE as against a 0.4-per cent fall in the benchmark BSE Sensex in Friday's intraday trade, as analysts see limited valuation downside from current levels.

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Category: BusinessFinance

Markets: India

Topics: Axis bank share price nse Axis bank q2 results review Axis bank share price Axis bank stock analysis Axis bank share price target 2025 Axis bank share price target 2024 Axis bank q2 results 2024 Axis bank outlook Axis bank share price target Axis bank Business standard Axis bank q2 results Axis bank stock price Axis bank q2

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Published On: 2024-10-18 @ 10:51:42 (11 hours ago)

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