Axis BankCMP: ₹628, Target Price: ₹710, 13% upsideICICI Securities Report says that Axis Bank has not seen much demand for loan restructuring from customers till now.
Along with that, increasing levels of demand resolution over past few months is encouraging. Also, recent management commentary suggests a strong pick-up in consumption led business during festive season, demand for home loans have been increasing and secured business are back to pre-Covid levels.IDFC First BankCMP: ₹37.40, Target Price: ₹45, 20% upsideThe robust trajectory of deposit growth for IDFC First Bnk is demonstrating earlier targeted focus on building retail franchise.