72% growth in the share of this bank, how much return can be given in the future, know the opinion of experts– News18 Hindi

New Delhi. In the last 1 year, there has been a strong growth in Axis Bank. It has outperformed the Sensex by a large margin during this period. After this strong performance, brokerages are still bullish on this stock and they believe that there is still a lot of fuel left in it and this stock has the potential to give good returns in the medium term. Axis Bank has given 72% return in last 1 year. On the other hand, the Sensex has shown a gain of 51 percent. So far in 2021, this stock has seen a rise of 19 percent. While the Sensex has seen a rise of 10 percent in the same period.

Here is what the brokerage house has to say – The brokerage house says that there is still a lot of fuel left in these stocks. Its fundamentals remain very strong. In the absence of Moratorium, the effect of the second wave of Kovid will be less than that of the first wave. Morgan Stanley has an overweight rating on this stock. He has given a target of Rs 1000 on this stock. Morgan Stanley believes that an upside of 35 percent from its current level can be easily seen in this stock.

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Angel Broking said this – Emkay has given a buy rating to this stock and has given a target of Rs 960 for it, which shows an upside of 30 percent from its current level. Jyoti Roy of Angel Broking says that some impact of the second wave of Kovid-19 can be seen on Axis Bank. But the bank has made additional provisioning of 1.9 percent for this, due to which the bank is not going to face any major problems. Explain that in the fourth quarter ended March 2021, the bank had a profit of Rs 2,677 crore. Similarly, double digit growth was also seen in interest income during this period.

Published by:Kanhaiya Pachauri

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