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

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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.

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.

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