Neutral on Axis Bank, target price Rs 1,225: Motilal Oswal Financial Services

Motilal Oswal Financial Services has given a neutral rating for Axis Bank with a target price of Rs 1,225. The current market price is Rs 1195.25. Axis Bank reported a net profit of Rs 7401.26 crore for the quarter ending September 30, 2024. Promoters hold 8.29% stake, while FIIs and DIIs own 51.78% and 33.11%, respectively.