Axis Bank share price: Buy Axis Bank, target price Rs 985: JM Financial

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has buy call on Axis Bank with a target price of Rs 985. The current market price of . is Rs 652.75. Time period given by analyst is one year when Ltd. price can reach defined target.

Axis Bank Ltd., incorporated in the year 1993, is a banking company (having a market cap of Rs 201651.74 Crore).

Axis Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest and Interest On Balances with RBI and Other Inter-Bank Funds for the year ending 31-Mar-2021.

Financials

For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 23000.69 Crore, up 4.12 % from last quarter Total Income of Rs 22091.19 Crore and up 9.38 % from last year same quarter Total Income of Rs 21028.45 Crore. The bank reported net profit after tax of Rs 4417.73 Crore in latest quarter.

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Promoter/FII Holdings
Promoters held 9.7 per cent stake in the company as of 31-Mar-2022, while FIIs owned 51.01 per cent, DIIs 26.42 per cent.

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