Axis Banks’ results are quite weak, they are yet to announce the new CEO, no idea on what will be the asset quality scenario and for the last four to six quarters the bank is saying that probably this is end of the asset quality pain, so this could be a big trap, said market expert SP Tulsian.
“If you want to move with momentum, if you want to ride the momentum, that can be the choice of a trader but as a fundamental analysts I am not at all convinced with financial performance and won’t give a buy call on the stock,” Tulsian told CNBC-TV 18.
Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.