Technical analyst Avinash Gorakshakar of Anagram Capital has maintained 'buy' rating on Axis Bank Limited.
According to analyst, the investors can good buy the routine with to complete a long designate target.
The routine of the stack, on January 10, congested by the side of Rs 1256.20 on the Bombay Stock Exchange (BSE).
The share charge has seen a 52-week prohibitive of Rs 1608 and a low of Rs 998.80 on BSE.
Current EPS & P/E ratio stood by the side of 70.88 and 18.05 correspondingly.
Axis Bank, on Jan 05, made revelation not far off from the launching of AxisDirect, which is an online trading platform.
With this, the third biggest exclusive sector lender makes way in into retail broking organization.
AxisDirect, a artifact of Axis Securities and Sales, which is wholly owned arm of Axis Bank, will offer up several options to the clients in place of trading in cash, derivatives, IPO sections on both the Indian bourses (NSE & BSE).
Mr. Shikha Sharma, Bank's running director and chief executive acknowledged, "A great amount of schedule has been invested in chatting to customers, understanding the need-gaps and pardon? We can resolve to railway bridge folks gaps. We maintain tried to design and develop unique functionalities and kind it easier in place of customers to invest in markets using AxisDirect. We've aligned with TCS to develop this platform."
AXIS Bank Ltd declared with the aim of a first acquaintance of its directors will take place on January 17, 2011, inter alia, to consider and sanction the Unaudited Quarterly economic outcomes of the Bank in place of the third quarter ended December 31, 2010.