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BUZZ-India's Axis Bank gains; HDFC Bank fund raising-led sales over-fund managers
February 5, 2015 / 4:02 AM / 3 years ago

BUZZ-India's Axis Bank gains; HDFC Bank fund raising-led sales over-fund managers

** India’s Axis Bank gains 1.8 pct after falling 9.5 pct in last two sessions

** Selling in Axis Bank by some foreign institutional investors to subscribe to HDFC Bank share sale is over - fund managers

** HDFC Bank launches U.S. and Indian share offers to raise up to $1.6 bln

** Stock ROE Pct (latest)

HDFC Bank 21.6

Axis Bank 17.6

Source: StarMine

** Further weakness in Axis Bank could be a good trading buy, add fund managers (RM: abhishek.vishnoi.thomsonreuters.com@reuters.net)

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