|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||524.95 - 536.45|
|52-week range||506.00 - 627.50|
|PE ratio (TTM)||32.43|
|Forward dividend & yield||5.00 (0.85%)|
|1y target est||640.91|
Sources close to the development said the power projects are of Lanco Kondapalli, which was once a subsidiary of beleaguered Lanco Infratech Limited. They said the lenders have to find a suitable resolution for their debts before September 16, lest the creditors approach the National Company Law Board for a resolution.
Bajaj Finance is at 18th place in the overall m-cap ranking on BSE. It is ahead of blue chips such as NTPC, HCL Technologies, Hindustan Zinc and Asian Paints.
The agency also downgraded ICICI Bank's 'support rating' to '3', from '2', apart from revising down its support rating floor to 'BB+', from 'BBB-'.
Mumbai, June 7 (IANS) Axis Bank on Thursday launched an AI-powered chatbot -- Axis Aha! -- to help customers execute transactions and answer their banking-related queries. "This unique chatbot provides relevant and contextual responses to customer queries and even helps make transactions on the chat window itself," the bank said in a statement. "Customers can initiate transactions either through voice or chat." The chatbot is hosted on the home page of the bank's website and is capable of doing transactions such as fund transfers, bill payments and various recharges, among others, according to the statement.
Mumbai, June 7 (IANS) Axis Bank on Thursday launched an AI-powered chatbot -- Axis Aha! -- to help customers execute transactions and answer their banking-related queries. "This unique chatbot provides ...
Abhishek MondalAxis Bank has given breakdown from symmetrical triangle pattern around Rs 536-537 on Tuesday in the daily chart with moderate volumes.The Daily Relative Strength index (RSI) breakdown its 21 days average and showing downward momentum and MACD trading with a negative cross above zero line, which indicates that stock likely to move downward further.Traders can sell the stock after some technical bounce around Rs 536-538 with a stop loss above Rs 551 (closing) for the target of Rs 510.Disclaimer: The author is Research Analyst, Guiness Securities. ...
Motilal Oswal is bullish on Axis Bank has recommended buy rating on the stock with a target price of Rs 600 in its research report dated April 26, 2018.
In other news, banks will remain shut for the next four days starting Saturday and the cash crunch may come back to haunt customers as it did in the past few weeks.
This was not the first or the biggest loss that has been posted by a bank in India. The biggest ever quarterly loss was posted by Punjab National Bank in March 2016 at Rs 5,367.14 crore.
Beena Parmar Moneycontrol News Axis Bank CEO and MD Shikha Sharma showed no signs of inner turmoil as she took the stage to field queries from the press on the company’s quarterly performance, on Thursday. Axis Bank’s books were awash in red after massive losses in the March quarter — the first ever quarterly loss in the private sector lender’s history. The conference was delayed due to the extended board meeting, and Sharma started by apologising.
"We are very disappointed with Axis Bank's Q4FY18 results. Although it looks cheap on the valuation front as compared to other private sector peers but we would certainly avoid this counter," says Akash Jain, Vice-president, Equity Research at Ajcon Global Services.
While there was no doubt among experts about what kind of numbers the lender had reported, their approach toward the stock is quite different from one another's.
Axis Bank has seen its non-performing loans jump more than eight times in the past three years to 342.49 billion rupees, or 6.77 percent of its loan book, at the end of March.
India's Axis Bank Ltd reported its first ever quarterly loss on Thursday after a surge in bad loans, capping a troubled year for the country's third-biggest private sector lender by assets. While the bulk of India's 9.5 trillion-rupee soured-loans as of end-2017 were with the country's dominant state-run banks, among the private sector lenders Axis and its bigger rival ICICI Bank also account for large chunks.
Mumbai, April 26 (IANS) Lending major Axis Bank on Thursday reported a net loss of Rs 2,100 crore for the fourth quarter (Q4) of 2017-18. According to the lender, this was from a net profit of Rs 1,225 crore reported for the corresponding period of last fiscal. However, the bank's net interest income (NII) inched-up to Rs 4,730 crore during the quarter from Rs 4,729 crore earned during the corresponding quarter of the previous year.
Mumbai, April 26 (IANS) Lending major Axis Bank on Thursday reported a net loss of Rs 2,100 crore for the fourth quarter (Q4) of 2017-18. According to the lender, this was from a net profit of Rs 1,225 crore reported for the corresponding period of last fiscal. On a financial year basis, the bank reported that its net profit for the year ended on March 31, 2018 declined by 93 per cent to Rs 276 crore from Rs 3,679 crore for the previous year.
This is the first ever quarterly loss posted by Axis Bank since it listed over two decades ago.