Indian private lender Axis Bank Ltd said on Tuesday it has signed a non-binding term sheet to invest 499-699 million rupees ($6.12-$8.57 million) for a 9.94% stake in Go Digit Life Insurance.
👌Buy Axisbank Oct 900 CALL @ 5.50 - 6.50
Stopploss: 3 ; Targets: 8/10/12+
Hold till Expiry
Disclaimer: It's My personal view only. My posts are for Observational purpose only. I am not an expert analyst. Do your own research before investing.
Fund Houses Recommendations
MS on Banks: Strong balance sheets, lessening macro concerns, & improving capacity utilization set stage for a capex up-cycle in F24-F25 (Positive)
MS on ICICI Bank: Preference status on Bank, raise target price at Rs 1225/Sh (Positive)
MS on #AXISBANK : Preference status on Bank, raise target price at Rs 1000/Sh (Positive)
MS on Federal Bank: Preference status on Bank, raise target price at Rs 170/Sh (Positive)
MS on State Bank: Preference status on Bank, raise target price at Rs 675/Sh (Positive)
MS on Bank Baroda: Preference status on Bank, raise target price at Rs 170/Sh (Positive)
MS on Canara Bank: Preference status on Bank, raise target price at Rs 250/Sh (Positive)
MS on #KOTAKBANK : Maintain stance on Bank, raise target price at Rs 2215/Sh (Positive)
MS on AU Bank: Maintain stance on Bank, raise target price at Rs 875/Sh (Positive)
MS on Indusind Bank: Maintain stance on Bank, raise target price at Rs 1400/Sh (Positive)
MS on #BAJFINANCE : Maintain Overweight on company, target price at Rs 8500/Sh (Positive)
MS on Defence: Local defence manufacturing theme is as powerful as the production linked incentive schemes (Positive)
MS on #BEL : Maintain Overweight on company, raise target price at Rs 373/Sh (Positive)
MS on HAL: Maintain Overweight on company, raise target price at Rs 3024/Sh (Positive)
Morgan Stanley on India's Capex: India's coming capex cycle implies we are in the midst of a strong earnings cycle (Positive)
Citi on Star Health:: Initiate Sell on Company, target price at Rs 670/Sh (Neutral)
CLSA on #BAJAJAUTO :: Downgrade to Outperform on Company, cut target price at Rs 4343/Sh (Negative)
#NIFTYBANK staying above 39500 is Positive for Banks. Keep a track!
BUY #AXISBANK 735 SL 724 TG 752
AXIS BANK to acquire over 5% stake in CredAble for 55Cr.
Keep eyes on ICICI ABOVE- 820 AXIS ABOVE- 730
> #TataMotors Q1 Results: Loss widens to Rs 5,007Cr, Revenue up 9% YoY
> Tata Investment Corp Q1 Profit up 67% YoY
> CCI approves #AxisBank's Rs 12,325Cr acquisition of Citi's consumer banking biz in India.
> #CRISIL: Auto components industry to see 11% of revenue from Ev parts
*Tech Mah Review*
Neutral, TP Rs 979
Cut FY23-26E EPS estimates by up to 6% due to lower margins to a/c for 1QFY23
EBIT margin at 11.0% missed GSe est at 11.6% due to which EBIT missed GSe by c.2%.
O-P, TP Rs 1620
Revenue beat; EBIT margin miss of 241bp
Management said they expect to deliver 100-150bp of margin improvement in each of remaining quarters of FY23.
Hold, TP Rs 1070
1Q rev growth of 3.5% QoQ slightly ahead, but margins fell sharply by 220bps QoQ
Deal wins at $ 802m healthy
Margin delivery weak & management commentary of 14% exit margin in FY23 & 14%+ margins in FY24 seems optimistic.
O-P, TP cut to Rs 1210 from Rs 1410
Q1: Good growth. Margin disappoints
Cut FY23 /FY24 EPS estimates to factor in sharp miss in EBIT Margins
Valuations attractive, trading at 15x NTM P/E.
*Tata Steel Review*
O-P, TP Rs 1670
Consol EBITDA beat– EU surprises +vely
While EU EBITDA/ton surprised +vely, as lagged impact of a steel price hike was reflected during qtr, expecting profitability to decline in 2H FY23 given a recent correction of EU steel prices.
OW, TP Rs 1400
Substantial all around beat driven by Europe
While 2Q seasonally weak, 2H should rebound
Upside risks to consensus
Large 1Q beat with Europe EBITDA/t at $365/t
Steel prices bottomed in India & Lower coking coal to drive earnings rebound in 2H.
*Axis BK Review*
Neutral, TP Rs 790
Earnings beat of 14% vis à vis our ests driven by lower credit costs.
Margins, loan and deposit growth and cost ratios lag peers
Lower margins than peers cap ROA upside.
OW, TP Rs 910
F1Q23 PAT 13% above MSe, helped by higher than expected rev
Costs elevated but lower provisions provided offset
Core PPoP 4% above MSe
Retail term deposit growth, however, relatively muted – expect pickup by H2-F23
RoE of 16% by F25 stays.
Neutral, TP cut to Rs 780 from Rs 880
Loan growth disappoints with 1% q/q decline; Retail does better, corporate slower
NIM improvement guidance maintained
ROAs at 1.4% remain 60bps lower vs larger peers, which could remain a drag on vals.
#TECHM #TATASTEEL #AXISBANK
#AXISBANK 712.60 to 732.60 As told big movve possibel above 714
#AXISBANK JUL FUT Buy at 712.60, RETEST - 712 SL 711.55 T1 713, T2-713.50, T3 714. Scalping to Intraday- if closes boave 714 EOD then wait for big move
#ADANIENT #ADANIPOWER #AXISBANK #BANKBARODA #EIHOTEL
#HDFCBANK , #ICICIBANK , #AXISBANK APPROVED BY INDIA DEFENCE MINISTRY
MOD APPROVES THREE PRIVATE SECTOR BANKS TO PROVIDE FINANCIAL SERVICES IN OVERSEAS PROCUREMENT || MOD HAS ASSIGNED THREE PRIVATE SECTOR BANKS VIZ HDFC BANK LTD., ICICI BANK AND AXIS BANK- PIB
BUY #AXISBANK 649 SL 640 TG 662
🧚♀Buy Axis Bank June 630 PE @ 3-5 (Near Range Only), Target 7/9/12, Stoploss PAID (Only Intraday)👌
Disclaimer:- Do Own research before investing.
👌Option For the Week👌
Buy Icici Bank 740 July CE @ 8-10 (Near Range Only), Target 18/25+, No Stoploss (2 Lot)
Buy Axis Bank 610 July PE @ 8-10 (Near Range Only), Target 22/32+, No Stoploss (1 Lot)
👉Tips Date:- 27/06
👉Hold Till:- 01/07
👉Total Investment 30k, Expected Return 45k/50k (For 3 Lot)
👉If exit one side, exit another side also.
👉Disclaimer:- Do own research before investing.
#AXISBANK 2.5% #HINDALCO 4.5% - both @day's high. Good to book intraday gains. Not very convinced, yet, of the market upmove.
Good mornin, friends!
I hope you're doing well. All geared up for a tremendous Tuesday then?
Global market is Flat to Positive, so why not!
As shared in yesterday's chart, trading in small range on lower time frames. Thus a big movement soon can't be ruled out. Short term Positive above 15400 and continued bearishness below 15200. Overall structure is still bearish on higher time frame. So Sell on Rise mode is still on. Wait for the range to be broken for directional move.
This as well is in range of 32400 to 32900. Directional move would be above 33000 or below 32000. Intraday resistances at 32900/33000 & Supports at 32600/32400. I am more towards BN and expect a decent move soon. Keep banks like #AXISBANK, #ICICIBANK & #KOTAKBANK in watchlist to catch those Pull Back moves.
Nothing stock specific. Let's wait for market to get a proper direction for itself. Create your positions accordingly. Wishing you a profitable day ahead!
Wolfe Wave Structure (Bullish)
GOOD TRY BY BULLS TO BRING #NIFTY50 ABOVE 17500 IN PRE OPEN, STILL OPENING 55 POINTS GAP DOWN. SHALL REMAIN UNDER PRESSURE FOR THE OPENING SESSION.
STOCKS TO TRADE:
*Positional Call (23rd May 2022)*
✍️ *AXIS BANK*
Stock is ready to give a range breakout on the hourly time frame, which indicates a bullish momentum for an upcoming session. The momentum indicator RSI too supports our bullish view of this stock.
Traders can grab Axis Bank *above 676* for the targets of 687 and then 695 in the coming days. Support and *stop loss below 670 on a closing basis.*
The United Trading Levels
#AXISBANK PurelY Astrology....Watchout for possible trend reversal in AXIS BANK... this week BUT market Down Side...watched AXIS BANK NOW 673
#ADANIPORTS #AXISBANK #HDFC #ICICIBANK #INFY
Today Trade Performance 👇🏼👇🏼👇🏼
Another great day on cart 💥💥💥
#ONGC 💥Great from 3.7+ to 5.7 = 7000+
#SBIN 1st entry hit sl 1500- 2nd entry 💥💥💥JACKPOT 💥💥💥 from 16.5+ to 39+ = 30000+✅
#NIFTYBANK 33600PE from 440+ to 790+ 💥💥💥 JACKPOT💥💥💥350+ points
#AXISBANK 💥 great from 15 to 21 = 7000+
#MARUTI 💥Great from 190+ to 265 = 7000+
#BAJFINANCE end with 600-700 loss
Positional call on #TATACHEM