Nirmal Bang is bullish on Axis Bank with a price target of Rs 800 per share.
The economy is expected to recover sharply from manufacturing, services, GST, card payments, CVs, jewellery, electronics and sales of retail products.
The report said that a maximum of 29% is available in homes sized 1,500 to 2,000 sq. ft, followed by 23% each in sizes 1,000 to 1,500 sq.ft
In the first week of November 2021 Indian Bank, Yes Bank, Axis Bank and DCB Bank have revised their fixed deposit interest rates.
The disruptions caused by Covid-19 moderated the portfolio growth to 6% in FY 2021
Sensex rallied 477.99 points or 0.80% to end at 60,545.61, while the broader Nifty closed at 18,068.55, up 151.75 points or 0.85%.
CSC units are increasingly being accessed by banks and insurance companies, FMCG firms and auto makers, said the report.
Though use of cash has increased since demonetisation, cleanliness in transaction and a rise in revenues for the govt have been two clear benefits.
The ratio of currency in circulation as a proportion of GDP rises to 14.5% for 2020-21