03 Oct 2025 | 3 Mins Read
Axis Bank shares rise 2% on valuation gap prediction
Flipitmoney
Axis Bank shares have risen 2.4% to Rs 1,187.70 as Morgan Stanley reiterated its 'Overweight' rating and raised the target price to Rs 1,450, implying a 25% upside. The brokerage cited a 30-40% discount to HDFC Bank and ICICI Bank on a price-to-book basis, with the gap expected to narrow gradually.