Axis Bank Q4: Growth accelerates but sustainability is key, say analysts

Topics Axis Bank | Buzzing stocks | Markets

Axis Bank Q4 Analysis: Axis Bank shares were trading in a narrow range on Wednesday, a day after the lender posted a solid earnings report card for the March quarter. At the bourses, the scrip traded between Rs 688-Rs 713 (-1.5 per cent to 2 per cent) on the BSE relative to Tuesday's close of Rs 699 apiece. The stock eventually ended 1.2 per cent higher at Rs 708 apiece as against a 1.6 per cent gain in the benchmark S&P BSE Sensex. Lauding the bank for its prudent efforts towards stabilising the asset quality concerns, analysts now believe sustainability of the trend would hold the .....

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