Technical analyst Simi Bhaumik has maintained 'buy' rating on Axis Bank Limited stock with a short term target of Rs 1310.

According to analyst, the investors can purchase the stock with a stop loss of Rs 1265.

The stock of the company, on December 08, closed at Rs 1251.05 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 1608 and a low of Rs 935 on BSE.

Current EPS & P/E ratio stood at 70.88 and 18.10 respectively.

Axis Bank, on Nov 18, said that it will get hold of the equity broking and investment banking groups of Enam Securities (P) in an all stock agreement of Rs 20.67 billion, in a bid to complete its collection of financial services offerings.

Shikha Sharma, CEO of Axis Bank stated that Enam`s AMC, PMS and insurance distribution groups are not part of the deal.

Axis Bank has recorded an increase of 38.28% in its net profit, which stood at Rs 7,351.40 million for the three month period ended Sep 2010.

The bank had a net profit of Rs 5,316.40 million during the same quarter a year ago.

Total income grew by 18.63% to Rs 46,574.90 million for the quarter under review.