BAJAJ FINANCE’s profit jumped 51 percent to Rs 1437 crore
AXIS BANK profits from losses. The bank has reported the highest profit in 21 quarters due to low slippages and good loan growth. At the same time, the profit of BAJAJ FINANCE jumped by 51 percent to Rs 1437 crore and the Asset quality has improved on a quarterly basis.
AXIS BANK’s interest income grew 11 per cent to Rs 7,555 crore in the fourth quarter of FY 2021 from Rs 6,807.7 crore in the March quarter of FY 2020. The bank’s net interest margin increased by 1 basis point to 3.56 per cent in the fourth quarter.
Know what is on both counters. Brokerage says
CLSA’s opinion on AXIS BANK
CLSA has a buy rating on AXIS BANK and has raised the share target from Rs 1000 to Rs 1025. He says the re-rating of the stock will continue. On the other hand, due to asset quality, the results have been good. Its slippages are just Rs 5,000 crore. Along with this, he has said that AXIS BANK is his top pick in banking.
Opinions on AXIS BANK of JEFFERIES
JEFFERIES has a buy rating on AXIS BANK and raised the share target from Rs 840 to Rs 910.
Opinions on the AXIS BANK of CS
CS has given a buy rating on AXIS BANK and raised the share target from Rs 770 to Rs 880.
Opinions on AXIS BANK by MACQUARIE
MACQUARIE has given an outperform rating on AXIS BANK and set the stock target at Rs 780.
On a year-on-year basis, BAJAJ FIN reported a 42 per cent increase in profits to Rs 1,347 crore in the March quarter. The company’s profit has increased in the fourth quarter due to a decrease in loan loss provision. The company’s profit in the same quarter a year ago was Rs 948.1 crore.
Opinion on BAJAJ FIN of MORGAN STANLEY
MORGAN STANLEY has given an overweight rating on BAJAJ FIN and set a share target of Rs 6,000. He says that the company has done well on the revenue and asset quality front. At the same time, the cost has increased more than anticipated. However, in FY22, the company will provide long-term guidance.
