Buy Axis Bank, target price Rs 925: Motilal Oswal

Motilal Oswal has buy call on Axis Bank with a target price of Rs 925. The current market price of Axis Bank Ltd. is Rs 758.15. Time period given by analyst is one year when Axis Bank Ltd. price can reach defined target.
Axis Bank Ltd., incorporated in the year 1993, is a banking company (having a market cap of Rs 231818.54 Crore).

Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 21028.45 Crore, up 5.61 % from last quarter Total Income of Rs 19910.93 Crore and up 1.17 % from last year same quarter Total Income of Rs 20786.23 Crore. The bank reported net profit after tax of Rs 2941.41 Crore in latest quarter.

Investment Rationale
Credit cost to remain elevated; slippages a key monitorable to assess the impact of second wave  Margins to remain stable at ~3.6%  Restructuring / BB & below pool to remain under watch  Business growth to witness moderation on QoQ basis


Promoter/FII Holdings
Promoters held 13.9 per cent stake in the company as of Dec 30, 2020, while FIIs held 51.4 per cent, DIIs 23.2 per cent and public and others 11.5 per cent.