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Axis Bank

Industry Bank

Code NSE: AXISBANK | BSE: 533215

Market Cap ₹ 91,861 Cr (USD 12 Bn)

1-year Return -49%

CMP First Reached June 2014

Date Added 5th April 2020

CM Framework Market Fire Sale

CMP ₹ 388.9

Recommendation Buy

Why we like this stock:

The stock historically traded at price to book of greater than 2. Currently trading at 1.2. Stock has corrected by 50% in last two months. The watchlist has reduced substantially over a period of time. NPA growth is well contained in last four quarters.

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