Axis Bank shares jump 4%

Following the release of Axis Bank Ltd.'s September quarter results after market hours on Wednesday, analysts have predicted that the company's shares could increase to ₹1,525 per share. Axis Bank is not rated as a "sell" by any of the 51 analysts who cover the company. Of those, 41 are rated as "buys," and the remaining ones are rated as "holds." During the quarter, Axis Bank's profitability was reduced by a one-time allowance of ₹1,231 crore; however, the remaining criteria exceeded expectations. The lender's core revenue increased, asset quality improved, and slippages decreased sequentially.