05-07-2025
Goldman Sachs Remains a Buy on Axis Bank Limited (AXISBANK)
In a report released yesterday, Rahul Jain from Goldman Sachs maintained a Buy rating on Axis Bank Limited, with a price target of INR1,555.00. The company's shares closed yesterday at INR1,177.60.
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Jain covers the Financial sector, focusing on stocks such as Axis Bank Limited, Bajaj Finance Limited, and IDFC First Bank Ltd.. According to TipRanks, Jain has an average return of 9.8% and a 78.57% success rate on recommended stocks.
Currently, the analyst consensus on Axis Bank Limited is a Moderate Buy with an average price target of INR1,312.67, which is an 11.47% upside from current levels. In a report released on June 30, J.P. Morgan also maintained a Buy rating on the stock with a OTHER1,315.00 price target.
Based on Axis Bank Limited's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of INR202.87 billion and a net profit of INR74.75 billion. In comparison, last year the company earned a revenue of INR378.36 billion and had a net profit of INR75.99 billion
