This bank has been FII’s favorite stock and is among top players in the country . Bank has presence across all channels and is a top investor in technology to upgrade the banking operations and corporate revenue streams. The bank has however under performed its peers in recent quarters . This is providing us with a good opportunity to progressively accumulate the stock.
In terms of EPS the bank slightly bounced back to its 2015 levels of 32 per share. In the recent financial year we have seen major shift from Cash from operations to cash from investing . The bank has aggressively invested over 53000 crores against an average of 7000 crore , the details can be viewed in the annual reports.
Stock Name : Axis Bank | Current Price : 670 , Target over 800+ in coming 2 to 3 months.