Axis Bank Shares Soar: No 'Sell' Ratings After Strong Q3 Results, Analysts Upgrade Targets

• None of the 50 analysts covering Axis Bank have a 'sell' rating after its Q3 results, with 44 recommending 'buy' and six 'hold'.
• Citi upgraded Axis Bank to 'buy' with a revised price target of ₹1,463, citing positive core earnings and improved Returns on Assets.
• Brokerages like Bernstein, CLSA, Nomura, and Jefferies maintained 'outperform' or 'buy' ratings, with price targets up to ₹1,550.
• Analysts highlighted strong Net Interest Income, asset quality improvement, lower credit costs, and attractive valuations.
• Morgan Stanley set the highest price target at ₹1,650, indicating a potential 32% upside from previous closing levels.

Why It Matters: Axis Bank shows strong investor confidence with no 'sell' ratings and significant analyst upgrades post-Q3 results.