Jefferies maintains a positive stance on Axis Bank, citing broad-based operational improvement and strong financial performance. The brokerage recommends an Accumulate rating with a target price of ₹1,700, representing a potential upside of 15% from the current market price.
SBI chairman Setty believes the lender’s improving financial performance and valuable subsidiaries are not fully reflected in its share price, making it due for a valuation boost. The bank has focused on three priorities: launching Yono 2.0, strengthening capital, and operational process re-engineering through Project Saral.
NSE, India’s largest stock exchange, is set to list on the Bombay Stock Exchange (BSE) after nearly a decade of awaiting regulatory approvals. The proposed IPO will raise around ₹30,000 crore, making it one of the largest IPOs in India’s capital market history.
