Stock market analyst Sanjay Surekha has maintained 'buy' rating on Axis Bank stock with a one-month target of Rs 1470.

According to analyst, the interested investors can buy the stock with strict stop loss of Rs 1350.

Today, the stock of the company opened at Rs 1399.60 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 1407 and a low of Rs 879 on BSE.

Current EPS & P/E ratio stood at 66.13 and 20.97 respectively.

The bank is looking for nod from Bank of England to launch a division in London.

Axis Bank's executive director S K Chakrabarti stated that RBI has already approved its plan to launch a new arm in London.

Axis Bank is already present in Singapore, Hong Kong and Dubai.

It aspires to strengthen its global presence further.

The banking institution will also introduce its branch in Abu Dhabi.

Uday Bhat, Vice President-circle head- Gujarat stated that the banking institution plans to launch 15 to 20 divisions branches in Saurashtra region and offer up banking services to the rustic areas with a total population of 2,000 in Gujarat according to RBI's rules.