Axis Bank Ltd: *Q1 nos may be worst( lowest NP) of last 8 quarters. Big Big miss*

Denofwealth est 1620 cr vs 2154cr for quarter ended March 2016. *24-25% miss*

Bloomberg est 1991cr. *19%miss*

Fresh slippage can be 3600cr

NPA can rise sharply to 2.40%+ as against 1.70% in March16 quarter

Cmp significantly higher than month low of 493.

And stock price was 465-470 when Q4 NP was 2154cr
Will stock come below 493 in August expiry?