AXIS Bank Results tradeOn breakout trigger buy
Any reversal at resistance trigger sell
#AxisBank RESULT OVERVIEW:
🟢 Net Income: ₹10,793 Cr (+17% ▲)
🟢 Net NPA: 1.56% (-50 bps ▼)
🔴 Net Profit: -₹1,388 Cr
🔴 CASA: 40.4% (-270 bps ▼)
🟢 Advances: ₹5,59,122 Cr (+15% ▲)
🟢 Deposits: ₹6,14,419 Cr (+17% ▲)
🟢 Balance Sheet: ₹9,15,164 Cr (+14% ▲)
🔸Overall the results look positive as the bank has mostly reported a healthy growth on most parameters.
🔸The asset quality of the bank has improved.
🔸The net loss reported is mainly due to the provisions and one-time tax adjustments.
🔸Axis Bank GDR is trading at +10% after the Q4-FY20 results.
🔸We can expect a similar move in the Indian markets tomorrow.
🔸The GDR up move indicates that the markets have received the results on a positive note.
