Impact of Axis Bank's June quarter results on stocks; PI Industries' chemistry with markets; read this and more on Moneycontrol Pro

Finally, some great news! India’s fastest-growing financial subscriptions service, Moneycontrol Pro, is available both on our website and mobile apps. Moneycontrol Pro offers curated markets data, independent equity analysis, insights into investment styles and exclusive trading recommendations. In sum, all the information you need for wealth creation. Independence Day Offer: Pay Rs 289 for 3 months and get Moneycontrol Pro for 1 year. Use code “FREEDOM” For more information, check out the Moneycontrol website or mobile app. Axis Bank: How should investors read the June quarter results A slowing economy is a tough challenge for banks. In the June quarter, Axis Bank focused on cleaning-up its books, classified more assets under sub-investment grade and stepped up provision cover on non-performing loan to combat macro uncertainties. The bank’s new leadership has outlined its medium-term growth strategy to reach 18 percent Return on Equity (RoE) by 2022, riding on the three pillars of growth, profitability and sustainability. What implications does this have for the stock? Click here to read more. [caption id=“attachment_6847201” align=“alignleft” width=“380”]  Representational image[/caption] PI Industries’ chemistry with the markets The PI Industries stock has had a steady run over the past few months. While the chemical maker’s domestic business was hit due to delayed monsoons, the management sees healthy growth with improved monsoon performance and growth from a line-up of new products. It also has a robust exports order book, diversified in specialty chemicals, entered in the pharma intermediates markets and has a strong pipeline of new molecules. Click here to find out if that is enough to rally the stock. INDEPENDENCE OFFER: Get MC PRO for 1 year at price of 3 months. Use code “FREEDOM” Get Moneycontrol Pro annual subscription at the price of 3 months. Now at R 289 only instead of Rs 999. Use code “FREEDOM”