Axis Bank shares slump 7% after Q1 results: should you buy or sell stock?
Updated : July 31, 2019 10:43 AM IST
Shares of Axis Bank fell nearly 7 percent after the private lender reported higher provisioning and slippages in the June quarter (Q1FY20).
The bank's profit rose 95 percent year-on-year to Rs 1,370 crore, despite a decline in asset quality.
Brokerages remained positive on the stock but reduced their target price on weaker asset quality in Q1.
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