Axis Bank share price declines ahead of Q2 result; here’s what top brokerages expect from the lender’s Q2 earnings
Axis Bank share price slipped about 1.60 per cent in morning trade on Thursday, October 17, ahead of its July-September quarter (Q2) results. Shares of the banking major opened at ₹1,152.95 against its previous close of ₹1,152.25 and slipped 1.6 per cent to the level of ₹1,134. Around 10:25 am, the stock traded 1.5 per cent lower at ₹1,135.35.
Axis Bank Q2 preview
Experts expect Axis Bank to report an 8-9 per cent year-on-year (YoY) rise in net profit for Q2FY25, driven by an increase in net interest income (NII) and reduced slippages.
As Mint reported earlier, an average estimate from five brokerages indicates the private sector lender’s NII for Q2 may grow by 10 per cent YoY, while slippages are anticipated to increase by…
