AXIS Bank Results trade

On breakout trigger buy

Any reversal at resistance trigger sell

#AxisBank RESULT OVERVIEW:

🟢 Net Income: ₹10,793 Cr (+17% ▲)

🟢 Net NPA: 1.56% (-50 bps ▼)

🔴 Net Profit: -₹1,388 Cr

🔴 CASA: 40.4% (-270 bps ▼)

🟢 Advances: ₹5,59,122 Cr (+15% ▲)

🟢 Deposits: ₹6,14,419 Cr (+17% ▲)

🟢 Balance Sheet: ₹9,15,164 Cr (+14% ▲)

🔸Overall the results look positive as the bank has mostly reported a healthy growth on most parameters.

🔸The asset quality of the bank has improved.

🔸The net loss reported is mainly due to the provisions and one-time tax adjustments.

🔸Axis Bank GDR is trading at +10% after the Q4-FY20 results.

🔸We can expect a similar move in the Indian markets tomorrow.

🔸The GDR up move indicates that the markets have received the results on a positive note.