Axis Financial institution Q1 Evaluate: Why Shares Fall 3.5% Regardless of Revenue Up 91%?

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In keeping with analysts, the decline in Axis earnings was led by growth of NIMs, and credit score price restricted by lower than 20 bps.

Axis Financial institution | Q1 Outcomes | Market

Axis Financial institution Q1 Evaluate: Shares of Axis Financial institution fell 3.5 per cent to Rs 702 on the BSE in Tuesday’s intra-day commerce as buyers booked earnings within the counter put up stunning June quarter (Q1FY23) outcomes. Analysts described Axis’ first quarter earnings as a “targeted earnings supply, put up steadiness sheet consolidation section.”

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First revealed: Tues, 26 July 2022. 12:23 IST

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