UBS Downgrades Axis Bank To Neutral From Buy, Expects Single Digit NII Growth In Next 3 Quarters

UBS has downgraded Axis Bank’s rating from a ‘buy’ to ‘neutral’. This decision comes in the wake of UBS’s prediction of a single-digit Net Interest Income (NII) growth for Axis Bank in the upcoming three quarters. The global firm has also decreased Axis Bank’s target from Rs 1,150 per share to Rs 1,100 per share. Nimesh Shah with the details.


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