Private sector bank, Axis Bank has reported a growth of more than 25% in its net profit to Rs 920 crore in the second quarter of the current fiscal year-on-year basis, due to a strong growth in net interest income.

The bank's net interest income grew 24% to Rs 2,007 crore backed by the growth in loan disannulments. Its loan advances rose 27% to Rs 1.41 lakh crore in the second quarter compared to the same period previous year. Meanwhile, the deposits in the bank grew 26% to Rs 82,140 crore in the quarter.

Mumbai, April 22 : Axis Bank, India's third largest private sector lender, said Friday its net profit soared 33 percent to Rs. 1,020 crore in the fourth quarter of 2010-11 on higher earnings from loan advances.

For the fiscal year ended March 31, the bank's net profit zoomed 35 percent to Rs. 3,388 crore as against Rs. 2,515 crore in the previous year, Axis Bank said in a statement.

The bank's net interest income grew 31 percent and fee income rose 30 percent in fiscal 2010-11.

Technical analyst Anu Jain has maintained 'buy' rating on Axis Bank Limited stock with a target of Rs 1392.

Mr. Singh said that the stock can be purchased with a strict stop loss of Rs 1250.

Today, the stock of the bank opened at Rs 1313.40 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 1608 and a low of Rs 1135 on BSE.

Current EPS & P/E ratio stood at 76.44 and 17.30 respectively.

Idea Cellular and Axis Bank made announcement about a mobile-based financial inclusion scheme, 'Idea MyCash', in Mumbai.

The latest reports from IIFL reveal that the trades can sell Axis Bank Future in the series of Rs 1,363-1,367 with stop loss of Rs 1,394 for target of Rs 1,300.

Today, the stock of the Axis Bank opened at Rs 1,305.00 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 1,608.00 and a low of Rs 1,105.00 on BSE.

Current EPS & P/E ratio stood at 76.44 and 16.72 respectively.

Technical analyst Hemant Thukral maintained 'buy' rating on Axis Bank Limited stock with a target of Rs 1430.

According to analyst, the stock can be purchased with a stop loss of Rs 328.

Today, the stock of the bank opened at Rs 1309 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 1608 and a low of Rs 998.80 on BSE.

Current EPS & P/E ratio stood at 76.44 and 17.24 respectively.

Fairwealth Securities has maintained its buy rating on Axis Bank with a price target of Rs 1580 in its report dated January 19, 2011.

At the current price of Rs. 1279, the stock is trading at just 16.63x and 13.02x times of the approximated FY11E & FY12E earning.

The third biggest private sector banking institution in the country is well set up in both retail as well as corporate banking and is dedicated to take on the finest industry practices globally to attain excellence.

Technical analyst Avinash Gorakshakar of Anagram Capital has maintained 'buy' rating on Axis Bank Limited.

According to analyst, the investors can buy the stock with to achieve a long term target.

The stock of the bank, on January 10, closed at Rs 1256.20 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 1608 and a low of Rs 998.80 on BSE.

Current EPS & P/E ratio stood at 70.88 and 18.05 respectively.

Axis Bank, on Jan 05, made announcement about the launching of AxisDirect, which is an online trading platform.

Technical analyst Simi Bhaumik has maintained 'buy' rating on Axis Bank Limited stock with a short term target of Rs 1310.

According to analyst, the investors can purchase the stock with a stop loss of Rs 1265.

The stock of the company, on December 08, closed at Rs 1251.05 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 1608 and a low of Rs 935 on BSE.

Current EPS & P/E ratio stood at 70.88 and 18.10 respectively.

Technical analyst Nitin Murarka of SMC Global has maintained 'buy' rating on Axis Bank Limited stock with a target of Rs 1520.

According to analyst, the investors can buy the stock at Rs 1480.

The stock of the company, on November 16, closed at Rs 1466.80 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 1608 and a low of Rs 935 on BSE.

Current EPS & P/E ratio stood at 70.88 and 19.78 respectively.

Axis Bank stated that it will get hold of Enam Securities (P) for Rs 20.67 billion.

Sharekhan has suggested `Hold` on Axis Bank  with a price aim of Rs 1,680 as in contradiction of the market price (CMP) of Rs 1,565 in its account dated Oct. 14, 2010. The brokerage dwelling provided the below mentioned investment justification:

Outcome mainly in procession with prospects: For the Q2FY2011 Axis Bank (Q,N,C,F) has recorded a net earnings of Rs 7,351 million, an augment of 38% annual (YoY). The recorded earnings were mainly in sequence with their estimation at Rs 7.19 million.

Stock market analyst Ashwani Gujral has maintained 'buy' rating on Axis Bank Ltd stock to achieve a target of Rs 1600.

According to analyst, the interested investors can buy the stock with a strict stop loss of Rs 1475.

Today, the stock of the bank opened at Rs 1512 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 1580 and a low of Rs 905 on BSE.

Current EPS & P/E ratio stood at 66.13 and 22.95 respectively.

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 has declared its financial results for the first quarter of the fiscal year 2010-11.

According to the report, it has registered a significant hike in its net profit figure in the June quarter of the year. The total income of the bank ha also gone up in this quarter of the fiscal year.

Axis Bank has posted a net profit of Rs 741.88 crore for the quarter that ended in 30th June, 2010 which is almost 31.85% of the net profit figure of the similar quarter in the last fiscal.

Standing on its feet and living up to the market expectations, the Axis Bank stationed a 32% inclination on a yearly basis in its net earnings to Rs 742 crore in its first quarter of the recent fiscal.

The bank’s total proceeds hoisted up 12% on yearly basis to Rs 4,326 crore, geared up by an inclination in the loan book of 39% and a elevated fee income, which amplified by 19%.  

The bank accounted a net interest margin of 3.71%. It is inclined by than the 3.34% NIM placed during the year June 2009 quarter, but lesser than by 4.09% scheduled during the three months to March, 2010.

Stock market analyst Simi Bhaumik has maintained 'Sell' rating on Axis Bank stock with intra-day target of Rs 1196.

According to analyst, the investors can sell the stock with stop loss of Rs 1234.

Today, the stock opened at Rs 1222 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 1318 and a low of Rs 710 on BSE.

Current EPS & P/E ratio stood at 62.06 and 19.48 respectively.

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.

Stock Market analyst Ashwani Gujral is of the view that investors can buy Axis Bank stock to achieve a target of Rs 1260. According to Mr. Gujral, the investors can sell the stock with a stoploss of Rs 1190.

The shares of the bank, on May 21, closed at Rs 1217.85 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 1318 and a low of Rs 698.80 on BSE.

Current EPS & P/E ratio stood at 62.06 and 19.80 respectively.

On May 20, Axis Bank has purchased a four lakh sq feet office building in Worli from Bombay Dyeing.

One of the leading players in the Indian insurance business, Max New York Life Insurance and the third largest bank in industry, Axis Bank today entered into a strategic tie-up for 10 years under which Max New York Life will provide customized life insurance solutions to customers via the bank's vast network.

The deal will be in effect from today i. e. May 3, 2010 and is expecting to serve 20 lakh customers in 5 years through the over 1000 branches of Axis Bank spread across over 650 cities in the Indian market.

Stock market analyst Shahina Mukadam of Varun Capital is bullish on Axis Bank and maintained 'buy' rating on the stock to achieve a long term target.

According to Mukadam, interested traders can purchase the stock on dips.

Today, the shares of the bank opened at Rs 1,195.00 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 1,220 and a low of Rs 475 on BSE.

Current EPS & P/E ratio of the stock stood at 62.06 & 20.01 respectively.

Chennai, Oct 26 : Private lender Axis Bank has implemented Polaris Software's solution for trade finance, cards and cheque truncation processes, the city-based banking software company said Monday.

The solution, "Intellect Business Process Studio", will enable Axis Bank to eliminate the paper-based cheque clearing activity, Polaris said in a statement.