Hot Chips - Axis Bank
Jayashree / 05 Jan 2009
Axis Bank is one of the leading private banks of India that has grown at a tremendous pace in the last five years. The company has the lowest gross NPA ratio amongst its peers with a high CASA ratio. The counter has been buzzing with large volumes on both the bourses. Thus investors looking for quick gain can buy the scrip.
BSE Code: 532215
Volume: 919157
CMP: Rs 504.65
Axis Bank is one of the leading private banks of India that has grown at a tremendous pace in the last five years. The company has the lowest gross NPA ratio amongst its peers with a high CASA ratio. There is news in the market that the government might announce a stimulus package in the coming days. And it is expected that it might further reduce the CRR and Repo rate to further infuse liquidity in the system, thereby providing a booster to growth. Even the dipping inflation rate provides space for the RBI to take such steps to revive the economy. The rate cuts by the RBI will further ease the liquidity-related issues for all the banks. As per an institutional report, the bank is poised for better growth prospects amongst its private bank peers and expects the counter to gain 10-15 per cent over its CMP in short to medium term. The counter has been buzzing with large volumes on both the bourses. Thus investors looking for quick gain can buy the scrip.
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