In an interview to CNBC-TV18, Dipan Mehta, Member, BSE & NSE and market expert Mitessh Thakkar shared their reading and outlook on specific stocks and sectors.
They spoke at length about Axis Bank, Maruti Suzuki, SpiceJet, and HCC.
Answering query about Axis Bank Dipan Mehta said, “Investor should remain invested in Axis Bank. Clearly the NPA provisioning is going to go down considerably over the next few quarters or so. It was about Rs 15,000 crore plus in the previous fiscal and this year onwards it should certainly go down. That itself will boost the earnings of the company some of it has got priced in to the stock but still there is considerable way for Axis Bank to move up.”
Follow stock recommendations by Mitessh Thakkar here: https://www.cnbctv18.com/author/mitessh-mthakkar-111/Disclaimer
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