Buy Axis Bank With Short Term Target Of Rs 1375

Buy Axis Bank With Short Term Target Of Rs 1375Technical analyst Nishant Jain of Tradeswift Broking has maintained 'buy' rating on Deccan Chronicle Holdings Limited stock with a short term target of Rs 1375.

The analyst said that the stock can be purchased with a stop loss of Rs 1320.

The stock of the bank, on December 30, closed at Rs 1329.35 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 1608 and a low of Rs 985 on BSE.

Current EPS & P/E ratio stood at 70.88 and 19.07 respectively.

EzRemit, part of money transfer services supplier BFC Group Holdings, has inked a strategic pact with Axis Bank to facilitate an instantaneous money transfer facility to receivers in the country from all over the world.

According to a senior BFC Group Holdings official, the novel service will be available to account holders of the private lender and also to receivers who are not the holders of bank account in the country.

While talking about the expansion, BFC Group Holdings MD and CEO Ebrahim Nonoo stated, "The tie up with Axis Bank is a vital part of our vision to expand our presence across India, one of the largest remittance markets in the world."

MoneyGram International, an international player in the money transfer business, appended the private lender (Axis Bank) as a novel agent.

Axis Bank joined MoneyGram's international agent network via super-agent UAE Exchange.

The banking institution will provide MoneyGram's money transfer services at 1,100 sites crosswise India.