Please Share:: 
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Axis Bank Limited
Investment Profile: Moderate Horizon: 1-1.5 Yrs
Business Summary Axis Bank Limited (ABL) is considered to be India‟s third largest private sector bank in the country with strengths in both retail banking as well as corporate banking. It has a widespread pan-India network of 1390 branches and 6270 ATMs.
Investment Rationale ABL has a rather balanced business model with corporate banking accounting for 53%, while SME and retail banking account for 27% and 20% respectively. A healthy retail banking component also enables it to have a strong CASA ratio of 40% + levels. This has consequently enabled the bank to maintain attractive NIMs of 3.5%. ABL has a very healthy fee based income with key strengths in 3rd party distribution services, loan syndication and debt private placement We have employed a weighted average valuation approach of determining our share target price of Rs.1276. We have assigned 40% weights to our DCF and PBV targets with a 20% weight for the PE target. Our buying level of
see full list at
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Axis Bank Limited
Investment Profile: Moderate Horizon: 1-1.5 Yrs
Business Summary Axis Bank Limited (ABL) is considered to be India‟s third largest private sector bank in the country with strengths in both retail banking as well as corporate banking. It has a widespread pan-India network of 1390 branches and 6270 ATMs.
Investment Rationale ABL has a rather balanced business model with corporate banking accounting for 53%, while SME and retail banking account for 27% and 20% respectively. A healthy retail banking component also enables it to have a strong CASA ratio of 40% + levels. This has consequently enabled the bank to maintain attractive NIMs of 3.5%. ABL has a very healthy fee based income with key strengths in 3rd party distribution services, loan syndication and debt private placement We have employed a weighted average valuation approach of determining our share target price of Rs.1276. We have assigned 40% weights to our DCF and PBV targets with a 20% weight for the PE target. Our buying level of
see full list at
No comments:
Post a Comment