Technical Analyst Gaurang Shah of Geojit BNP Paribas has maintained 'buy' rating on Axis Bank to achieve a short term target of Rs 1210.

According to Shah, the investors can hold the stock with stop loss of Rs 1135.

Today, the stock opened at Rs 1160.25 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 1318 and a low of Rs 198.80 on BSE.

Current EPS & P/E ratio stood at 62.06 and 19.21 respectively.

Axis Bank, on May 11, declared that its directors have sanctioned the allotment of senior notes worth SGD 40 million under the MTN program via its Hong Kong division.

Axis Bank Hong Kong has offerings for both the retail as well as business segments.

Under Retail Banking, Axis Bank provides different deposit products whereas business services comprise business lending, trade finance, treasury, commercial and correspondent banking services.

Axis Bank, on May 03, and Max New York Life Insurance inked a 10 year strategic deal, a first of its kind in bancassurance.

Max New York Life Insurance has entered into a corporate agency relationship with the bank and offers customized life insurance services to clients through the bank's vast network.

The affiliation with the bank will help boost Max New York Life's strategy of multi-channel distribution and presence across the nation.