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Bloomberg Quint

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Image Credit: Bloomberg Quint

Axis Bank Shares Gets Motilal Oswal's 'Neutral' Rating  — Here's Why

  • Motilal Oswal Financial Services reiterates a 'Neutral' rating on Axis Bank, setting a target price of Rs 1,300.
  • Axis Bank aims for 3% higher growth than industry average on a CAGR basis over the next three years and targets through-cycle margins of 3.8%.
  • In the past years, Axis Bank has tightened its provisioning policy and asset quality classification criteria.

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