Brokerages raise Axis Bank target price on Q3 beat but stock down 3%. Should you buy or sell?
“Beat was across operating metrics, especially with NIMs soaring as much as 30 bps QoQ to 4.26%,” ICICI Securities said. Kotak Institutional Equities, on the other hand, doesn’t see material risk to its earnings forecast as the bank has higher provisions made in recent years.
