{"id":11905,"date":"2017-08-26T13:50:20","date_gmt":"2017-08-26T08:20:20","guid":{"rendered":"https:\/\/blog.fundsindia.com\/blog\/?p=11905"},"modified":"2017-08-28T14:29:47","modified_gmt":"2017-08-28T08:59:47","slug":"axis-bank-ltd","status":"publish","type":"post","link":"https:\/\/www.fundsindia.com\/blog\/equities\/axis-bank-ltd\/11905","title":{"rendered":"Axis Bank Ltd."},"content":{"rendered":"<p><strong>Transition phase continues<\/strong><\/p>\n<p style=\"text-align: justify;\">Axis Bank is the third largest private sector bank in India. The Bank has a large footprint of 3,385 domestic branches (including extension counters) and 14,311 ATMs spread across the country.<\/p>\n<div class=\"blog-highlight\" style=\"clear: both; background: #3ba010; border: none; width: 60%; text-align: center; box-shadow: 0 5px 5px rgba(0, 0, 0, 0.5);\"><a style=\"text-decoration: none;\" href=\"http:\/\/www.fundsindia.com\/content\/jsp\/registration\/login.jsp?ref=blog-button\" target=\"_blank\"> <span style=\"color: #fff; font-weight: bold;\">Open<\/span> <span style=\"color: #fff; font-weight: bold; text-decoration: none;\"> a FREE Account Now! <\/span><\/a><\/div>\n<p style=\"text-align: justify;\"><strong>Valuation:<\/strong> Axis Bank reported an in-line operating as well as business performance during Q1FY18 while continuing to focus on consolidation of balance sheet. Though asset quality overhang still persists, we expect the bank to complete the clean-up of its balance sheet by FY19E. Further, the bank continues to deliver superior performance across its retail franchise while the corporate segment remains the pain point across parameters. Thus, we maintain BUY rating on the stock with a revised target price (TP) of Rs. 543 (P\/ABV of 2.2x for FY19E).<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2017\/08\/Research-report-Axis-Bank-Ltd.-1.pdf\">Research report Axis Bank Ltd. (1)<\/a><\/p>\n<p style=\"text-align: justify;\"><i>Investments in equity shares, debentures, etc., are not obligations of, or guaranteed by Wealth India Financial Services Pvt. Ltd., and are subject to investment risks.\u00a0<a href=\"http:\/\/pages.fundsindia.com\/pages\/disclaimer-equities\/\">Click here<\/a>\u00a0to read our full disclaimer.<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Transition phase continues Axis Bank is the third largest private sector bank in India. The Bank has a large footprint of 3,385 domestic branches (including extension counters) and 14,311 ATMs spread across the country. Open a FREE Account Now! Valuation: Axis Bank reported an in-line operating as well as business performance during Q1FY18 while continuing [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[59],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Axis Bank Ltd.<\/title>\n<meta name=\"description\" content=\"Find the latest research report on Axis Bank Ltd. On FundsIndia Marketplace\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fundsindia.com\/blog\/equities\/axis-bank-ltd\/11905\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Axis Bank Ltd.\" \/>\n<meta property=\"og:description\" content=\"Find the latest research report on Axis Bank Ltd. 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