Technical analyst Avinash Gorakshakar of Anagram Capital has maintained 'buy' rating on Axis Bank Limited.

According to analyst, the investors can buy the stock with to achieve a long term target.

The stock of the bank, on January 10, closed at Rs 1256.20 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 1608 and a low of Rs 998.80 on BSE.

Current EPS & P/E ratio stood at 70.88 and 18.05 respectively.

Axis Bank, on Jan 05, made announcement about the launching of AxisDirect, which is an online trading platform.

With this, the third biggest private sector lender makes entry into retail broking business.

AxisDirect, a product of Axis Securities and Sales, which is wholly owned arm of Axis Bank, will offer up several options to the clients for trading in cash, derivatives, IPO sections on both the Indian bourses (NSE & BSE).

Mr. Shikha Sharma, Bank's managing director and chief executive stated, "A considerable amount of time has been invested in talking to customers, understanding the need-gaps and what we can do to bridge those gaps. We have tried to design and develop unique functionalities and make it easier for customers to invest in markets using AxisDirect. We've partnered with TCS to develop this platform."

AXIS Bank Ltd declared that a meeting of its directors will take place on January 17, 2011, inter alia, to consider and sanction the Unaudited Quarterly financial outcomes of the Bank for the third quarter ended December 31, 2010.