AXISBANK
25.01.2022 - CITI on Axisbank Maintain Buy CMP 703.30 Target 1000
25.01.2022 - CLSA on Axisbank Maintain Buy CMP 703.30 Target 1080
25.01.2022 - Nomura on Axisbank Maintain Buy CMP 703.30 Target 980
25.01.2022 - CS on Axisbank Maintain Outperform CMP 703.30 Target 960
CLSA ON AXIS BANK : 27.07.2021
* Forecast Axis Bank's PPOP growth to improve to a 15% compound annual growth rate by FY23, CLSA says
* Q1 On An Absolute Basis Are In line
* Forecast PPOP Growth To Improve To A 15% CAGR By FY23
* Expect Retail Stress To Normalise In H2 Leading To An RoE Of 15-15.5% By FY23
* Valuation Is Reasonable For 15% PPOP Growth & 15% ROE
* MAINTAIN BUY TARGET: 1,050
MORGAN STANLEY ON AXIS BANK : 27.07.2021
* Morgan Stanley expects strong future earnings for Axis Bank from lower credit cost & better pre-provisioning operating profit, maintains OVERWEIGHT on the stock
• Q1 Miss Driven By Higher Provisions
• Core PPOP Broadly In-line; NIM Missed
* Expect Strong Future Earnings From Lower Credit Cost & Better PPOP
* MAINTAIN BUY TARGET: 1,000
CLSA ON AXIS BANK : 27.07.2021
• Maintain BUY, Target at Rs 1,050/share
* Expect an ROE of 15% by FY23CL
• Asset quality: inline performance versus muted expectations
* Marginal miss in PPOP due to higher Opex
• Normalisation to a 15% ROE; valuation reasonable
KOTAK INSTL EQ ON AXIS BANK : 13.07.2021
* MAINTAIN BUY TARGET: 850
* Axis Bank's RoE trajectory has greater room for improvement; bank is well positioned for a multiple expansion, Kotak Institutional Equities says
* ROE Trajectory Has Greater Room For Improvement
* Corporate Book Would Lead This Earnings Recovery Led By A Sharp Decline In Provisions
* Bank Is Well Positioned For A Multiple Expansion
CLSA ON AXIS BANK : 18.06.2021
* MAINTAIN BUY TARGET: 1,025
* CLSA expects Axis Bank's RoE rising by 15% by FY22/23; valuations below long-term average, the brokerage says
* Bank Has Been Improving its Balance Sheet Granularity
* It Has Plugged Its Liability-side Gaps & Will Continue Its Conservative Accounting
* Co Is Making The Business Model More Predictable & Sustainable
* Subsidiaries Are Fast-growing & Add 8% To Our Target Price
* Expect ROE Rising By 15% By FY22/23; valuations Below Long term
CLSA ON AXIS BANK : 18.06.2021
* Maintain BUY, Target at Rs 1,025/share
* Corporate cycle has turned; wave-2 impact manageable
* Company increasing granularity and conservatism
• Axis increasing focus on creating value from subsidiaries
