The Economic Times News

Axis Bank shares tumble 4% as Citi Research sees no upside, reiterates Neutral stance

Axis Bank shares slid up to 4% after Citi Research reiterated a Neutral rating with a Rs 1,285 target, indicating no upside. While margins are expected to recover gradually and asset quality trends are improving, near-term constraints on fee income and soft profitability continue to weigh on sentiment despite improving corporate and retail demand.