Shares Of Sanofi India, Axis Bank Fall For 5th Straight Session, Should You Buy?

Shares of Sanofi India and Axis Bank witnessed decline for 5th straight session. Last trading price of Axis Bank Ltd is Rs 834.45 apiece and Sanofi India is Rs 5613.50 apiece. ICICI Securities has assigned buy call to Axis Bank with target price of Rs 1130/share. Meanwhile, Sharekhan has given buy rating to Sanofi India with target price of Rs 6200 apiece. If you buy both stocks, you can get potential return of 36%. Check details below:

Buy Axis Bank Ltd: Last trading price of Axis Bank is Rs 833.35 apiece with intra day gain of 0.05%. It worth mentioning that shares of the bank dipped today for 5th straight session. The stock witnessed a decline of 2.55% in a span of 1-week and 1.24% in last 1-month. There is a fall of 11.48 in the share of Axis Bank YTD.

In last 3-months, it tumbled by 9.90%. The stock jumped 16% in last 6-months, 13% in last 1-year, and 131% in last 3-years. If you buy Axis Bank share, you can get likely gain of 36%.

Its 52-week high is quoted at Rs 970.45 apiece and 52-week low price is quoted at Rs 618.10 apiece, respectively. The company's market capitalisation is Rs 2,56,383.50 crore.

According to ICICI Securities, in its brokerage report dated March 2, 2023, "Axis Bank completes the acquisition of Citibank India's consumer business in India, which now elevates the position of the bank to capture premium market share growth. Maintain BUY with an unchanged target price of Rs1,130 assigning 2.3x FY24E book."

Buy Sanofi India Ltd: It is worth noting that Sanofi India shares dropped for 5th straight session. Last trading price of Sanofi India is Rs 5619.95 with intraday fall of 0.49%. The stock tumbled 1.76% in a span of just 1-week, 2.08% in 2-weeks, and 3.60% in last 1-month.

In last 1-year, the stock fell 24%, 28% in last 2-years, and gave a return of 8% in last 5-years. The mid cap pharmaceuticals sector stock came into existence in 1956.

Sharekhan in its brokerage report dated February 24, 2023, has recommended investors to buy Sanofi India Ltd with target price of Rs 6200 apiece. If you buy Sanofi India Ltd share, you can get potential return of 10%.

Disclaimer: The stocks have been picked from the brokerage report of ICICI Securities and Sharekhan. Greynium Information Technologies, the Author, and the respective Brokerage Houses are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.