Axis bank shares hit new high, analysts raise price targets

Axis Bank delivered surprises at one go. Sustenance of performance hereon to drive further rerating,” said ICICI Securities in a client note. “The Q2FY23 earnings surpassed our and consensus expectations by a wide margin. Surprise on NIM and visibility on sustainability of operating performance compel an earnings upgrade of 13% and 8% for FY23e and FY24e.”

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