The advances of the bank have witnessed a CAGR of 45% over 2004-08 which has resulted into higher Net Interest Income for the Bank. Adding it up the unfailing other income growth enhanced bank's Net Profit with 31% CAGR growth during last five years. We think that bank's CASA level above 40% of its deposit and under Net NPA's than its industry average will continue to climb financials of the bank in the future. At CMP of Rs 663 the stock is trading at 2.74x P/BV ratio, we recommendate Axis bank to 'Buy' below Rs 630. --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Kences1" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/kences1?hl=en -~----------~----~----~----~------~----~------~--~---
