Analysts positive on Axis Bank despite weak Q2

Shares of Axis Bank plunged 6.5% to Rs 787.35 as the private lender's loan growth in the September quarter lagged peers. However, most brokerages have retained bullish recommendations on the stock following the results. ICICI Securities, CLSA, Investec, and HSBC have maintained buy ratings while Morgan Stanley and Credit Suisse have maintained overweight and outperform ratings, respectively.

via Economictimes

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