Buy Axis Bank, target price Rs 1080: Prabhudas Lilladher

Prabhudas Lilladher has buy call on Axis Bank with a target price of Rs 1080. The current market price of . is Rs 878.
Axis Bank Ltd., incorporated in the year 1993, is a banking company (having a market cap of Rs 268658.17 Crore).
Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest and Interest On Balances with RBI and Other Inter-Bank Funds for the year ending 31-Mar-2022.
Financials

For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 25258.80 Crore, up 11.34 % from last quarter Total Income of Rs 22686.46 Crore and up 20.47 % from last year same quarter Total Income of Rs 20966.61 Crore. The bank reported net profit after tax of Rs 5612.33 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 9.7 per cent stake in the company as of 30-Jun-2022, while FIIs owned 51.35 per cent, DIIs 26.7 per cent.
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