CMP: 1210

Axis Bank Limited provides a full range of banking services throughout India. The Group's activities include retail banking, investment management, merchant banking, treasury and NRI services, cash and credit management services, and ATM facilities.

In Stock markets, its very critical to buy right stocks, at the right time, at the right price. Its now time to buy blue chips at discounts. Axis Bank is one of the best in banking sector with solid growth track record. Revenues have grown almost 4 fold from 4560 Crores to 15154 Crores in the last 5 years. In the same period, Profits have grown even more (Over 5 fold) from 659 Crores to 3388 Crores aided by NPM growth. NPM has steadily improved from less than 15% to over 22%. Its currently trading at a P/E of less than 15. Buy and accumulate on dips for long term gains.