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Axis Bank Q3 FY 20 Financial Highlight

Result Analysis:

• Interest income up by 11% at 1596510 lakhs (YOY)

• Net profit up by 7% at 188400 lakhs (YOY)

• Net NPA decreased by 1% at 1216028 lakhs(YOY)

• Net NPA at 2.09% Vs 2.36% up by 27 bps ( YOY)

View - Company has reported a good set of numbers.

Technical view - Hurdle around 735, breaks and close above 735 will see upside movement till 755---760 +++ levels in days to come. Support around 705, breaks and close below 705 will take it to 690 levels in days to come.