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Why axis bank is not performing well since a year?

Discussion in 'Technical Analysis' started by paresh_gujarati, Oct 27, 2017.

  1. paresh_gujarati

    paresh_gujarati Member

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    Why axis bank is not performing well since a year? Still it is in the range of 480 to 500.
    Any negative news?

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    paresh_gujarati, Oct 27, 2017
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  2. shabbir

    shabbir Administrator Staff Member

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    Too much negative news. Asset quality is deteriorating. It is behaving like a PSU
     
    shabbir, Oct 27, 2017
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  3. chaitanya_mella

    chaitanya_mella Contributor

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    True for most banks. Numbers are generally fudged. Even RBI overlooks after a point else the banking system would collapse.
     
    chaitanya_mella, Nov 6, 2017
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    nirajshah likes this.