BNP Paribas Securities Recommends Buying Axis Bank with a Target Price of Rs 1290

BNP Paribas Securities has issued a “buy” recommendation on Axis Bank with a target price of Rs 1290. As of now, the current market price of Axis Bank Ltd. stands at Rs 1012. Axis Bank Ltd., established in 1993, is a significant banking company with a market capitalization of Rs 320,616.22 Crore.

Axis Bank Ltd.’s primary revenue segments encompass Interest & Discount on Advances & Bills, Income From Investment, Interest, and Interest On Balances with RBI, along with Other Inter-Bank Funds. For the quarter ending on June 30, 2023, the bank reported a consolidated total income of Rs 31,894.20 Crore. This figure reflects a 5.87% increase compared to the previous quarter and a substantial 40.59% growth compared to the same quarter in the previous year. In the latest quarter, the bank reported a net profit after tax of Rs 6,091.35 Crore.

As of June 30, 2023, the promoters of Axis Bank Ltd. held an 8.19% stake in the company, while foreign institutional investors (FIIs) owned 52.0%, and domestic institutional investors (DIIs) held 29.79%.

Investors interested in Axis Bank Ltd. may find valuable insights in BNP Paribas Securities’ “buy” recommendation, which comes with a target price of Rs 1290. This recommendation could prove beneficial for individuals making investment decisions related to Axis Bank.

Disclaimer: The views and investment tips expressed by investment experts on are their own and not those of the website or its management. advises users to check with certified experts before taking any investment decisions.​​
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