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Motilal Oswal's price target implies a potential upside of 21 percent for Axis Bank from Tuesday's closing levels.
Brokerage firm Motilal Oswal has picked Axis Bank as its top pick for the calendar year 2023 with a price target of Rs 1,130. The price target implies a potential upside of 21 percent from Tuesday's closing levels.
Motilal Oswal expects Axis Bank's credit costs and slippages to remain under control as asset quality issues are behind them.
The brokerage also cited how Axis Bank has made its balance sheet stronger by making it granular, increasing the retail loan mix and improving its Provision Coverage Ratio (PCR).