Axis Bank – Buy Sell Tips Discussion Report
Axis Bank is a leading commercial Bank of India. It was established in the year of 1994. The Bank was promoted jointly by the Administrator of the specified undertaking of the Life Insurance Corporation of India (LIC), Unit Trust of India (UTI – I), and General Insurance Corporation of India (GIC) and other four PSU insurance companies namely the New India Assurance Company Ltd, Oriental Insurance Company Ltd, United India Insurance Company Ltd as well as by National Insurance Company Ltd. While the central office is located at Mumbai; the registered office is in Ahmedabad. As of 30th June the Bank has 853 extension counters and branches and a massive chain of 3723 ATMs. It has an employee base more than 15,000 people.
Axis Bank is a player per excellence in the Indian investment market. Experts find it suitable to recommend clients to invest money in the shares of Axis Bank for both short term and long term benefits. Recent times have seen large scale buying and selling of Axis Bank shares. As mentioned in the official annual report for the year ended March 31, 2009 the Bank had a total income of Rs. 13,745.04 crores and a net profit of Rs 1,812.93 crores.
Axis Bank was previously known as UTI Bank, but to avoid mistaken identity because of the similarity of its name with some other entities the current name was adopted in April, 2007.
The Axis Bank is following a different business strategy which is not in the same line with other major players in Indian private banking sector like ICICI Bank or HDFC Bank. The Bank has been successful in maintaining the quality of the loan portfolio even after adopting a concentrated type of wholesale corporate landing. The recent economic slowdown occurring worldwide failed to make a major impact in the functioning of the bank.
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Buy Axis Bank at Rs 970 with intra-day target of Rs 989 and stop loss of Rs 959, says Simi Bhaumik, technical analyst, on Zee Business. The stock last traded at Rs 967.25, up 1.3% on the BSE.
Hold Axis Bank with target of Rs 1150 on crossing Rs 1050, says MB Singh, technical analyst, on Zee Business. Keep stop loss of Rs 900, he adds. The stock is currently trading at Rs 987.30, up 0.4% on the BSE.
Buy Axis Bank with a target of Rs 1065 and stop loss of Rs 1000, says Neera Jain of crnindia.com, on CNBC Awaaz. The stock is currently trading at Rs 1038, up 2.4% on the BSE.
Buy Axis Bank with target of Rs 1100 and stop loss of Rs 1050, says Rahul Mohinder, technical analyst, on CNBC TV18. The stock is currently trading at Rs 1070, up 0.7% on the BSE.
Hold Axis Bank which has support at Rs 980, says Hormuz Maloo of Geojit BNP Paribas on NDTV Profit. The stock is currently trading at Rs 1097, up 1.79% on the BSE.
Hold Axis Bank with a target of Rs 1290 and stop loss of Rs 1061, says Prasad Kushe, technical analyst, on Zee Business. The stock is currently trading at Rs 1103, down 0.47% on the BSE.
Buy Axis Bank at Rs 1071 with intra-day target of Rs 1094 and stop loss of Rs 1057, says Simi Bhaumik, technical analyst, on Zee Business. The stock last traded at Rs 1069.90, up 3.6% on the BSE
Buy Axis Bank with target of Rs 1119 and stop loss of Rs 1082, says Simi Bhaumik, technical analyst, on Zee Business. The stock is currently trading at Rs 1085.30, down 1.4% on the BSE.
Hold Axis Bank with target of Rs 1200 by year end, says Satish Betadpur of IIR Group on CNBC TV18. New investors can buy on dips to around Rs 990-1000, he adds. The stock is currently trading at Rs 1083.75, down 1.6% on the BSE.
Buy Axis Bank with target of Rs 1175 and stop loss of Rs 1100, says Sudarshan Sukhani, technical analyst, on CNBC TV18. The stock is currently trading at Rs 1119, down 0.2% on the BSE.
Buy Axis Bank with a target of Rs 1160 and stop loss of Rs 1110, says Ashwani Gujral, technical analyst, on CNBC TV18, as closing market strategy.
Buy Axis Bank with intra-day target of Rs 1152 and stop loss of Rs 1116, says Simi Bhaumik, technical analyst, on Zee Business. The stock is currently trading at Rs 1137, up 0.6% on the BSE.
Buy Axis Bank with intra-day target of Rs 1175 and stop loss of Rs 1136, says Simi Bhaumik, echnical analyst, on Zee Business. The stock is currently trading at Rs 1158, up 0.6% on the BSE.
Sell Axis Bank with target of Rs 1110 and stop loss of Rs 1155, says Sudarshan Sukhani, technical analyst, on CNBC TV18. The stock is currently trading at Rs 1134.50, down 0.5% on the BSE.
Sell Axis Bank with target of Rs 1145 and stop loss of Rs 1190, says Pradeep Surekha, technical analyst, on Zee Business. The stock is currently trading at Rs 1176.20, up 0.4% on the BSE.
Buy Axis Bank with target of Rs 1200 and stop loss of Rs 1140, says Neera Jain, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 1170, up 1.27% on the BSE.
Hold Axis Bank with target of Rs 1300 and stop loss of Rs 1195, says Ashwani Gujral, technical analyst, on CNBC TV18. The stock is currently trading at Rs 1249, up 5.3% on the BSE.
Buy Axis Bank on dips with one year view, says Shahina Mukadam of Varun Capital on CNBC TV18. The stock is currently trading at Rs 1240.15, up 4.5% on the BSE.
Buy Axis Bank with target of Rs 1300 and stop loss of Rs 1190, says Ashwani Gujral, technical analyst, on CNBC TV18. The stock is currently trading at Rs 1234.55, up 0.7% on the BSE.
Buy Axis Bank with target of Rs 1300 plus and stop loss of Rs 1220, says Shrikant Chouhan of Kotak Securities on NDTV Profit. The stock is currently trading at Rs 1272.50, up 3.2% on the BSE.
Sell Axis Bank with target of Rs 1150 and stop loss of Rs 1280, says Ashwani Gujral, technical analyst, on CNBC Awaaz, as closing market strategy.
Sell Axis Bank with target of Rs 1150 and stop loss of Rs 1265, says Somil Mehta of Sharekhan on NDTV Profit. The stock is currently trading at Rs 1194.50, down 3.4% on the BSE.
Buy Axis Bank with target of Rs 1295 and stop loss of Rs 1220, says Ashwani Gujral, technical analyst, on CNBC TV18. The stock is currently trading at Rs 1268.50, up 1.5% on the BSE.
Book profits in Axis Bank and re-enter on dips to Rs 1220, says Ashwani Gujral, technical analyst, on CNBC TV18. The stock is currently trading at Rs 1299.25, down 0.9% on the BSE.
Sell Axis Bank with target of Rs 1220 and stop loss of Rs 1315, says Ashwani Gujral, technical analyst, on CNBC Awaaz, as closing market strategy.
Buy Axis Bank with target of Rs 1260 and stop loss of Rs 1190, says Ashwani Gujral, technical analyst, on CNBC TV18. The stock is currently trading at Rs 1229.95, up 1% on the BSE.
Sell Axis Bank with target of Rs 1110 and stop loss of Rs 1185, says Amit Goel, market analyst, on Zee Business. The stock is currently trading at Rs 1180, up 1.4% on the BSE.
Buy Axis Bank with target of Rs 1210 and stop loss of Rs 1135, says Gaurang Shah of Geojit BNP Paribas on Zee Business. The stock is currently trading at Rs 1184.40, up 2.3% on the BSE.
Buy Axis Bank with target of Rs 1240 and stop loss of Rs 1195, says Manoj Sachdeva of Hem Securities, on CNBC Awaaz, as closing market strategy.
Buy Axis Bank with target of Rs 1300 and stop loss of Rs 1150, says Ashwani Gujral, technical analyst, on CNBC TV18. The stock is currently trading at Rs 1216.60, up 0.1% on the BSE.
Buy Axis Bank for 2 to 3 years for 20-25% annual gains, says Mehraboon Irani of Centrum Broking on CNBC TV18. The stock is currently trading at Rs 1249.80, up 0.5% on the BSE.
Buy Axis Bank with target of Rs 1270 and stop loss of Rs 1225, says Shardul Kulkarni of Angel Broking on NDTV Profit. The stock is currently trading at Rs 1252.50, up 0.7% on the BSE.
Hold Axis Bank, which has support at Rs 1150, with target of Rs 1320 plus, says Ashwani Gujral, technical analyst, on CNBC TV18. The stock is currently trading at Rs 1227.10, down 1.1% on the BSE
Buy Axis Bank with target of Rs 1400 and stop loss of Rs 1150, says Hitesh Eidnani, technical analyst, on NDTV Profit. The stock is currently trading at Rs 1245.50, down 0.04% on the BSE.
Sell Axis Bank with intra-day target of Rs 1196 and stop loss of Rs 1234, says Simi Bhaumik, technical analyst, on Zee Business. The stock is currently trading at Rs 1212.40, down 0.6% on the BSE.
Sell Axis Bank with target of Rs 1198 and stop loss of Rs 1232, says Pradeep Surekha, technical analyst, on Zee Business. The stock is currently trading at Rs 1207.45, down 1% on the BSE.
Sell Axis Bank with target of Rs 1190 and stop loss of Rs 1240, says Rajesh Jain of SMC Global on NDTV Profit. The stock is currently trading at Rs 1208, down 1% on the BSE
Hold Axis Bank with stop loss of Rs 1140, says Kunal Saraogi, technical analyst, on Zee Business. The stock is currently trading at Rs 1266.80, up 1.9% on the BSE.
Sell Axis Bank with target of Rs 1349 and stop loss of Rs 1365, says Pradeep Surekha, technical analyst, on Zee Business. The stock is currently trading at Rs 1354, down 0.6% on the BSE.