Current price is less than the intrinsic value

Intrinsic Value

Stock has not been able to generate better return on equity than bank FD

ROE vs FD rates

Stock doesn't offer attractive dividend returns

Dividend Returns

Good time to consider, as stock is not in overbought zone

Entry Point

Stock not in ASM/GSM lists and not a lot of promoter holding is pledged

No Red Flags

Anand joined Axis AMC in 2009 and was its founding MD and CEO. He subsequently went on to become the President (Retail Banking) of Axis Bank in 2013 and then joined the bank’s board in 2016

Axis Bank reappoints Rajiv Anand as Dy Managing Director for three years

From the Sensex pack, Bajaj Finserv, Tata Steel, Bajaj Finance, Axis Bank, IndusInd Bank, Tech Mahindra and Bharti Airtel were the major laggards in early trade.

In opening session, Sensex falls 418 points to 52,114; Nifty slips 131 points to 15,508

The preferred stock non-cumulative bond rating of Axis Bank Limited, GIFT City Branch has been upgraded to Ba3(hyb) from B1(hyb), owing to the BCA upgrading.

Moody’s affirms Axis Bank’s Baa3 deposit ratings; stock surges over 2%

The paid up share capital of the Bank will accordingly increase from Rs. 614,27,34,532(307,13,67,266 equity shares of Rs. 2/- each) to Rs. 614,27,70,494 (307,13,85,247 equity shares of Rs. 2/- each)

Axis Bank allots 17,981 equity shares under ESOP

Sharekhan is bullish on Axis Bank has recommended buy rating on the stock with a target price of Rs 940 in its research report dated June 17, 2022.

Buy Axis Bank; target of Rs 940: Sharekhan

Stocks to Watch Today: ICICI Bank and Axis Bank too will be in focus as global rating agency Moody’s has upgraded the two private bank’s baseline credit assessments (BCA) and deposit ratings to “baa3”

Stocks to Watch: eMudhra, REC, Voda Idea, TVS Motor, HUL, Delhivery, YES Bk

Here are the stocks to watch going into trade today.

Stocks To Watch Today: Adani Wilmar, Axis Bank, Cipla, Delhivery, ICICI Bank, Yes Bank

Indiabulls Housing Finance, RBL Bank, and Delta Corp remain under the NSE F&O ban for 20 June. Securities in the ban period include companies in which the security has crossed 95% of the market-wide position limit

Stocks to Watch: ICICI Bank, Axis Bank, Coal India, Cipla, Dilip Buildcon

Stocks Under Focus on June 20: Axis Bank, ICICI Bank, Engineers India & More

“The upgrade of the two banks’ BCAs is driven by improvements in asset quality, capital, and profitability. Their asset quality has seen a significant improvement, with both the gross and net non-performing loans (NPL) ratios declining, Moody’s said.

Moody’s upgrade BCAs of ICICI Bank and Axis Bank, reflecting improvements in credit costs

With effect from June 16, 2022, Axis Bank has increased fixed deposit (FD) interest rates on various tenures for deposits under Rs 2 crore.

Axis Bank hikes FD interest rate by up to 50 bps on selected tenors: Check latest rates

Axis Bank Limited (the Bank) provides a suite of corporate and retail banking products. The Bank's segments include Treasury, Retail Banking, Corporate/Wholesale Banking and Other Banking Business.

Axis Bank Ltd

Axis Bank Ltd

Intrinsic Value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry Point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

Axis Bank reappoints Rajiv Anand as Dy Managing Director for three years

In opening session, Sensex falls 418 points to 52,114; Nifty slips 131 points to 15,508

Moody’s affirms Axis Bank’s Baa3 deposit ratings; stock surges over 2%

Axis Bank allots 17,981 equity shares under ESOP

Buy Axis Bank; target of Rs 940: Sharekhan

Stocks to Watch: eMudhra, REC, Voda Idea, TVS Motor, HUL, Delhivery, YES Bk

Stocks To Watch Today: Adani Wilmar, Axis Bank, Cipla, Delhivery, ICICI Bank, Yes Bank

Stocks to Watch: ICICI Bank, Axis Bank, Coal India, Cipla, Dilip Buildcon

Stocks Under Focus on June 20: Axis Bank, ICICI Bank, Engineers India & More

Moody’s upgrade BCAs of ICICI Bank and Axis Bank, reflecting improvements in credit costs

Axis Bank Ltd

Intrinsic ValueIntrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD ratesFixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend ReturnsA dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry PointHigh demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

Axis Bank reappoints Rajiv Anand as Dy Managing Director for three years

In opening session, Sensex falls 418 points to 52,114; Nifty slips 131 points to 15,508

Moody’s affirms Axis Bank’s Baa3 deposit ratings; stock surges over 2%

Axis Bank allots 17,981 equity shares under ESOP

Buy Axis Bank; target of Rs 940: Sharekhan

Stocks to Watch: eMudhra, REC, Voda Idea, TVS Motor, HUL, Delhivery, YES Bk

Stocks To Watch Today: Adani Wilmar, Axis Bank, Cipla, Delhivery, ICICI Bank, Yes Bank

Stocks to Watch: ICICI Bank, Axis Bank, Coal India, Cipla, Dilip Buildcon

Stocks Under Focus on June 20: Axis Bank, ICICI Bank, Engineers India & More

Moody’s upgrade BCAs of ICICI Bank and Axis Bank, reflecting improvements in credit costs

Intrinsic Value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry Point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock