Axis Bank Ltd share price logo

Axis Bank Ltd (AXISBANK)

₹1226.652.92%

bell
Get free price alerts. Set up your Free investment account to get Live Prices.
Overview
Fundamentals
Q3 '23 Results
Technicals
News and Events

Insights on Axis Bank Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 20.74% to 21.89% in Mar 2024 quarter

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 5 quarters, -5.36K Cr → 7.59K Cr (in ₹), with an average increase of 52.2% per quarter

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 8 quarters, 22.61K Cr → 37.83K Cr (in ₹), with an average increase of 7.1% per quarter

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 1 month, AXISBANK stock has moved up by 4.8%

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, State Bank of India has given 48.5% return, outperforming this stock by 25.1%

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, State Bank of India has given 101.3% return, outperforming this stock by 40.1%

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 8.02% to 7.54% in Mar 2024 quarter

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 52.92% to 51.96% in Mar 2024 quarter

  • imgNEGATIVE IMPACT

    Promoter Holding Down

    img

    Promoters have decreased holdings from 7.94% to 7.93% in Mar 2024 quarter

Performance

  • Day's Low

    Day's High

    ₹1,185.5
    ₹1,243.35
  • 52 Week's Low

    52 Week's High

    ₹927.15
    ₹1,243.35
1 Month Return+ 4.77 %
3 Month Return+ 13.43 %
1 Year Return+ 23.43 %
Previous Close₹1,191.90
Open₹1,193.00
Volume1.80Cr
Upper Circuit-
Lower Circuit-
Market Cap₹3,68,258.74Cr

Analyst Rating

based on 43 analysts

BUY
92.86%
Buy
7.14%
Hold
0.00%
Sell

Based on 43 analysts offering long term price targets for Axis Bank Ltd. An average target of ₹1297.77

Source: S&P Global Market Intelligence

Company Information

Axis Bank Ltd is an Indian private sector bank incorporated in 1994. It is the third largest private sector bank in India and offers a comprehensive suite of financial products. The bank has operations in retail banking, corporate banking, treasury, investment banking, mortgage loans, private banking, wealth management, credit cards, and other financial services.

Axis Bank's top products include savings accounts, current accounts, fixed deposits, recurring deposits, debit cards, credit cards, home loans, personal loans, car loans, gold loans, mutual funds, and insurance. Popular Axis Bank brands include Axis ASAP, Axis eDGE Rewards, Axis Bank Prime, and Axis Bank Neo. The bank also offers digital banking services such as mobile banking, internet banking, and UPI payments.

Axis Bank has a strong presence in the Indian banking sector, with over 4,000 branches and 13,000 ATMs across the country. The bank has also established a strong international presence with offices in Singapore, Hong Kong, Dubai, and Colombo.

Share Price: ₹1226.65 per share as on 19 Jun, 2024 04:01 PM
Market Capitalisation: ₹3,68,258.74Cr as of today
Revenue: ₹37,836.10Cr as on March 2024 (Q1 24)
Net Profit: ₹7,599.04Cr as on March 2024 (Q1 24)
Listing date: 03 Dec, 1998
Chairperson Name: Rakesh Makhija
OrganisationAxis Bank Ltd
HeadquartersMumbai
IndustryBanks
E-voting on sharesClick here to vote

What's happening today

  • img

    Today's Timeline - 19 Jun

    10:32 AM

    -

    Axis Bank among top gainers in Nifty 50 index as banking stocks rally.

    01:05 PM

    -

    Axis Bank shares rise for third straight session, up 1.27% on the day.

    01:12 PM

    -

    Axis Bank to acquire additional stake in Max Life Insurance for Rs 336 crore.

Key events for Axis Bank Ltd

  • Axis Bank Acquires Additional Stake in Max Life Insurance - 19 Jun, 2024

    Axis Bank is set to increase its stake in Max Life Insurance by acquiring additional equity worth Rs 336 crore, elevating its total holding from 19.02% to 19.99%. The acquisition will strengthen Axis Bank's position in the life insurance business.

  • Axis Bank Investigates Social Media Hack - 18 Jun, 2024

    Axis Bank is probing a potential hack of its official support handle on social media platform X after miscreants posted tweets related to Elon Musk's Tesla. The bank reassured customers that it does not request personal security details via email or phone.

  • Axis Bank Expands Branches Amid Resignations in Top Management - 14 Jun, 2024

    Axis Bank has expanded its domestic distribution network by adding 125 branches in the last quarter, bringing the total to 5,377. Meanwhile, Nomura maintains a Buy rating with a target price of Rs 1,250 despite recent resignations in top management.

  • Axis Bank Executive Resigns; New Chief Compliance Officer Appointed - 13 Jun, 2024

    Sumit Bali, group executive of retail lending, has resigned from Axis Bank, while Anuranjan Kumar has been appointed as the new chief compliance officer. Bali will leave on August 16 after four years with the bank.

  • Axis Bank Fined for Anti-Money Laundering Violations - 12 Jun, 2024

    The Financial Intelligence Unit has imposed a fine of over Rs 1.66 crore on Axis Bank for violating anti-money laundering laws. The bank failed to implement mechanisms to detect and report suspicious transactions, hindering the scrutiny process. Axis Bank has been directed to improve its transaction monitoring mechanisms and ensure stringent employee screening in adherence to RBI guidelines.

  • Axis Bank Reports Strong Loan Growth; Expected to Reach Rs 1376 in 8-10 Months - 10 Jun, 2024

    Axis Bank reported strong loan growth and improving asset quality with future growth visibility. The stock is expected to reach a price target of Rs 1376 in 8-10 months. Meanwhile, Bank Nifty faced resistance at the 50,250 mark, indicating consolidation in the near term.

  • Bank Nifty Index Sees Sharp Recovery, Axis Bank Stock Surges - 06 Jun, 2024

    Shares of HDFC Bank, ICICI Bank, Axis Bank, IndusInd Bank, and Federal Bank surged up to 8% in the last two days. The Bank Nifty index saw a sharp recovery from its 200-day moving average, closing above its rising trendline and 21-day exponential moving average (EMA). Positive market sentiment has led to an increase in Axis Bank's stock price.

  • Bernstein Report on Banking Sector and Private Banks' Performance - 05 Jun, 2024

    According to a report by global brokerage Bernstein, an increase in populist measures such as loan waivers would negatively impact PSU banks. Private sector banks have underperformed PSU banks but going forward, it may make more sense to invest in larger private sector banks like ICICI or Axis.

  • Investors Concerned About Axis Bluechip Fund's Poor Performance - 04 Jun, 2024

    Axis Bluechip Fund has been in the fourth quartile for the last three months, prompting investors to question its poor performance over the past year. Many are unsure whether they should continue investing in the scheme.

  • Axis Bank and Bajaj Allianz General Insurance Enter Bancassurance Partnership - 03 Jun, 2024

    Axis Bank has entered a strategic bancassurance partnership with Bajaj Allianz General Insurance to distribute a comprehensive suite of insurance products through its network of 5,250 plus branches. The partnership aims to boost insurance penetration and financial inclusion in the country.

  • Axis Bank Shares Recommended by Analysts - 31 May, 2024

    Analysts from Sharekhan and Jainam Broking recommend buying Axis Bank shares with targets ranging from Rs 1200 to Rs 1267.

  • Axis Bank's Rating Outlook Revised to Positive by S&P Global Ratings - 30 May, 2024

    S&P Global Ratings has revised the rating outlook of six major Indian banks, including Axis Bank, from Stable to Positive. Additionally, Axis Bank saw its Stand-Alone Credit Profile (SACP) upgraded by one notch.

  • Axis Bank Launches NFC Soundbox for Small Merchants - 29 May, 2024

    Axis Bank partners with Mastercard to introduce an NFC Soundbox that allows small merchants to accept multiple payment options including Tap + Pin transactions greater than Rs. 5000.

  • Axis Bank is a Preferred Pick Among Private Banks - 28 May, 2024

    According to market analysts, Axis Bank is holding at high levels and would be their preferred pick towards 1220-1250 zones. Support would be at 1150.

  • Axis Bank Rises on NSE; Buy Rating from Axis Direct - 27 May, 2024

    Axis Bank Ltd rose by 1.45% to Rs 1191 on the NSE, while Axis Direct gave it a buy rating with a target price of Rs 567 and stoploss at Rs 515 each.

  • Axis Bank Shares Surge Over 2% - 23 May, 2024

    Axis Bank shares climbed above Rs 1,149 and established a strong base near the Rs 1,110-1,115 support zone, showing signs of a reversal. Sudeep Shah recommended a bull spread strategy to capitalise on this upside momentum.

  • PeepalCo's Lemonn Launches Commission-Free Mutual Fund Investment Service - 22 May, 2024

    Lemonn, a trading platform by PeepalCo, has launched commission-free mutual fund investment services on its app. Users can invest in schemes from over 40 fund houses, including major AMCs such as HDFC and SBI.

  • Axis Bank Receives Positive Recommendations from Analysts and Signs MOU with VST Tillers Tractors - 21 May, 2024

    Axis Bank receives positive recommendations from analysts at IIFL Securities and signs an MOU with VST Tillers Tractors to offer financial solutions for purchasing tractors and farm mechanisation products. Despite ICICI Bank's strong performance in FY24, Axis Bank remains IIFL Securities' top pick amongst banks for the medium-long term.

Axis Bank Ltd Valuation

Axis Bank Ltd in the last 5 years

  • Overview

  • Trends

Lowest (11.96x)

April 18, 2024

Today (13.92x)

June 18, 2024

Industry (19.01x)

June 18, 2024

Highest (85.01x)

August 28, 2020

LowHigh

Mutual Fund Holdings

Funds Holdings
HDFC Flexi Cap Fund -Direct Plan - Growth OptionHDFC Flexi Cap Fund -Direct Plan - Growth Option7.86%
Parag Parikh Flexi Cap Direct GrowthParag Parikh Flexi Cap Direct Growth4.14%
ICICI Prudential Bluechip Fund Direct Plan GrowthICICI Prudential Bluechip Fund Direct Plan Growth4.69%
Mirae Asset Large Cap Fund Direct Plan GrowthMirae Asset Large Cap Fund Direct Plan Growth5.11%
Kotak Flexicap Fund Direct GrowthKotak Flexicap Fund Direct Growth3.96%

Shareholding Pattern

InvestorsHoldings %Prev. 1 periods3M change
Promoter Holdings
7.93%
0.00
Foreign Institutions
51.96%
0.00
Mutual Funds
21.89%
0.00
Retail Investors
7.54%
0.00
Others
10.67%
0.00

News

State Bank of India Share Price Live Updates: State Bank of India Closes at Rs 844.90 with 25,936 Shares Traded; 7-Day Average Volume Reaches 13,856,998 Shares

Stay updated with the State Bank of India Stock Liveblog, your one-stop destination for real-time information and analysis of a leading stock. Explore the lates... Read more

19 Jun, 2024 08:30 AM

SBI Stree Shakti Yojana: Banks are giving great offers on loans for women, now they will not be left behind

SBI BANK LOAN: Every woman definitely cherishes some dream in her mind. Some want to open their own small business, while some want to expand their, Bank Loan, ... Read more

19 Jun, 2024 11:46 AM

SBI approves raising up to Rs 20,000 crore for FY25 via long term bonds

Earlier this month, SBI raised $100 million through its London branch by selling three-year senior unsecured floating-rate bonds

19 Jun, 2024 01:17 PM
View More

Frequently Asked Questions

  • Get a PAN card.
  • Open a Demat account.
  • Open a Trading account.
  • Link your Demat account to your Trading account.
  • Fund your Trading account.
  • Place an order to buy Axis Bank Ltd shares.

Axis Bank Ltd (AXISBANK) share price today is ₹1226.65

Axis Bank Ltd is listed on NSE

Axis Bank Ltd is listed on BSE

  • Today’s highest price of Axis Bank Ltd is ₹1243.35.
  • Today’s lowest price of Axis Bank Ltd is ₹1185.5.

PE Ratio of Axis Bank Ltd is 13.92

PE ratio = Axis Bank Ltd Market price per share / Axis Bank Ltd Earnings per share

Today’s traded volume of Axis Bank Ltd(AXISBANK) is 1.80Cr.

Today’s market capitalisation of Axis Bank Ltd(AXISBANK) is ₹368258.74Cr.

Axis Bank Ltd(AXISBANKPrice
52 Week High
₹1243.35
52 Week Low
₹927.15

Axis Bank Ltd(AXISBANK) share price is ₹1226.65. It is down -1.34% from its 52 Week High price of ₹1243.35

Axis Bank Ltd(AXISBANK) share price is ₹1226.65. It is up 32.30% from its 52 Week Low price of ₹927.15

Axis Bank Ltd(AXISBANKReturns
1 Day Returns
34.75%
1 Month Returns
4.77%
3 Month Returns
13.43%
1 Year Returns
23.43%