LIC, Axis Bank: Kotak Securities explains why they prefer these 2 stocks
Axis Bank secured new business.
· Business Standard Mkts
Shrikant Chouhan, Head of Equity Research of Kotak Securities explains why the analyst is bullish on LIC and Axis Bank.
The analysis
Against that, the stock is +0.1% on the day at ₹1,243.30, and has returned -4.9% over three months. It sits 11% below its 52-week high. The banks sector has moved -1.7% over the same period, so Axis Bank is running 3.2 points behind its peers.
For Axis Bank, the question is how much of this is already reflected in the price and how much re-rates the banks peer set alongside it.
Market context
- The company directly in focus is AXISBANK.
- Sector exposure: Banks.
In this story
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