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Axis Bank Ltd share price logo

Axis Bank Ltd

(AXISBANK)

₹1139.252.59%

as on 04:01PM, 04 Nov 2024

Overview
News
Financials
Q2 2024 Results
Technicals
F&O

Axis Bank Ltd Analyst Rating

based on 43 analysts

BUY

80.95%

Buy

19.05%

Hold

0.00%

Sell

Based on 43 analysts offering long term price targets for Axis Bank Ltd. An average target of ₹1356.88

Source: S&P Global Market Intelligence

Axis Bank Ltd Share analysis

Axis Bank Ltd price forecast by 43 analysts

Upside of16.02%

High

₹1550

Target

₹1356.88

Low

₹1107

Axis Bank Ltd target price ₹1356.88, a slight upside of 16.02% compared to current price of ₹1139.25. According to 43 analysts rating.

Source: S&P Global Market Intelligence

Axis Bank Ltd Performance

  • Day's Low

    Day's High

    ₹1,135.45
    ₹1,176.95
  • 52 Week's Low

    52 Week's High

    ₹968
    ₹1,339.65
1 Month Return-0.75 %
3 Month Return+ 3.18 %
1 Year Return+ 15.87 %
Previous Close₹1,169.55
Open₹1,172.00
Volume92.89L
Upper Circuit-
Lower Circuit-
Market Cap₹3,61,816.66Cr

Axis Bank Ltd Key Statistics

P/E Ratio12.93
PEG Ratio0.27
Market Cap₹3,61,816.66 Cr
P/B Ratio2.15
EPS85.61
Dividend Yield0.1
SectorBanks
ROE17.98

Axis Bank Ltd Peer Comparison

Company
Analyst ViewMarket Cap5 Year CAGRDebt to Asset RatioNet ProfitYearly Revenue
BUY₹3,61,816.66 Cr11.5%NA₹26,386 Cr₹1,37,989 Cr
BUY₹82,768.02 Cr-4.29%NA₹8,977 Cr₹55,143 Cr
BUY₹29,585.49 Cr-13.77%NANANA
BUY₹9,10,545.88 Cr34.91%NA₹44,256 Cr₹2,36,037 Cr
BUY₹13,25,695.12 Cr8.09%NA₹64,062 Cr₹4,07,994 Cr

About Axis Bank Ltd

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: ₹1139.25 per share as on 04 Nov, 2024 04:01 PM
Market Capitalisation: ₹3,61,816.66Cr as of today
Revenue: ₹39,203.77Cr as on September 2024 (Q3 24)
Net Profit: ₹7,401.26Cr as on September 2024 (Q3 24)
Listing date: 16 Nov, 1998
Chairperson Name: Rakesh Makhija
OrganisationAxis Bank Ltd
HeadquartersMumbai
IndustryBanks
E-voting on sharesClick here to vote

Key events for Axis Bank Ltd

  • Axis Bank Shares Decline Amid Market Caution - 04 Nov, 2024

    Axis Bank shares fell nearly 2% amid a cautious broader market sentiment influenced by economic challenges. The stock opened at ₹1,172.00, reaching a low of ₹1,147.05 during a volatile trading session.

  • Axis Bank Recommended for Investment Amid Eased Liquidity - 02 Nov, 2024

    Neelkanth Mishra, Chief Economist at Axis Bank, advises investors to buy banking stocks, citing improved liquidity and expected credit growth. The RBI's easing stance is seen as a catalyst for increased lending and profitability, particularly for private banks, as India approaches a cyclical recovery.

  • Axis Bank's New Policy Reduces Attrition Rate - 01 Nov, 2024

    Axis Bank's introduction of the 7Up policy post-Covid-19 has led to a decrease in employee attrition from 34.8% to 28.8% in FY24, indicating positive outcomes from the initiative.

  • Economy Slows but Recovery Expected by January - 31 Oct, 2024

    Neelkanth Mishra, Chief Economist at Axis Bank, notes a slowdown in the economy but anticipates a recovery by January. He recommends investing in private banks and capital expenditure plays.

  • Axis Bank Embraces AI Without Job Losses - 30 Oct, 2024

    Axis Bank asserts that AI will change work dynamics but will not result in job losses. The bank plans to expand its workforce, focusing on technology and customer-facing roles.

  • Axis Bank Shows Bullish Signals for Price Increase - 29 Oct, 2024

    Axis Bank's stock shows stability near its 40-week EMA, forming a bullish Hammer candlestick pattern. A significant bullish candle at Rs 1,124 supports an upward trend. HDFC Securities recommends buying within Rs 1,189-1,210, targeting Rs 1,332 and Rs 1,403, citing rising momentum and increased trading volumes.

  • SEBI Issues Show-Cause Notices to Axis Bank - 28 Oct, 2024

    Axis Bank and its subsidiaries received show-cause notices from SEBI concerning their stake acquisition in Max Life Insurance, raising concerns over fair market value compliance. The bank plans to respond, asserting that necessary regulatory approvals were obtained for the transactions.

  • Sebi Issues Notice to Axis Bank on Stake Acquisition - 27 Oct, 2024

    The Securities and Exchange Board of India has issued a show cause notice to Axis Bank concerning its stake acquisition in Max Life Insurance, which raised its holding to 19.99%. Axis Bank plans to respond, asserting compliance with regulatory approvals.

  • SEBI Issues Notice to Axis Bank Over Max Life Stake - 26 Oct, 2024

    The Securities and Exchange Board of India (SEBI) has issued a show cause notice to Axis Bank concerning its stake acquisition in Max Life Insurance, which raised its holding to 19.99%. Axis Bank plans to respond, asserting compliance with regulatory approvals.

  • RBI Approves Amitabh Chaudhry's Re-appointment at Axis Bank - 25 Oct, 2024

    The Reserve Bank of India has approved Amitabh Chaudhry's re-appointment as MD & CEO of Axis Bank for three years starting January 1, 2025. This decision follows earlier approvals from the bank's board and shareholders. The bank's shares were trading positively amid overall market weakness.

  • Axis Bank Leadership Changes and Growth Updates - 24 Oct, 2024

    The RBI has approved Amitabh Chaudhry's re-appointment as MD and CEO of Axis Bank for three years. Additionally, Ganesh Sankaran announced his resignation from the bank's wholesale banking division.

  • Analysts Recommend Buying Axis Bank on Dips - 23 Oct, 2024

    On October 23, analysts advised purchasing Axis Bank shares on dips, while the bank's CFO reported significant retail slippages. The bank is monitoring its micro loan portfolio closely.

  • Axis Bank Reports Earnings; Maintains Neutral Rating - 22 Oct, 2024

    Axis Bank reported a net profit of INR 69.2 billion for 2QFY25, an 18% YoY increase. Despite higher provisions, loans and deposits grew, but key metrics raise concerns. Motilal Oswal maintains a Neutral rating with a target price of INR 1,225.

  • Axis Bank Reports Slippages and Revises FD Rates - 21 Oct, 2024

    Axis Bank's gross slippages increased 36% YoY, largely from unsecured loans. The bank also revised fixed deposit interest rates, offering up to 7.75% for senior citizens.

  • Axis Bank Breaks Out with Bullish Momentum - 20 Oct, 2024

    Axis Bank's stock has achieved a neckline breakout of the Adam and Adam Double Bottom pattern, confirmed by strong volume. The stock has surged above key moving averages, indicating bullish momentum, with an upside target of Rs 1,251. Support is expected in the Rs 1,170-1,160 range.

  • Axis Bank Shares Surge After Profit Increase - 19 Oct, 2024

    Axis Bank's shares rose nearly 6% following a 19.29% increase in consolidated net profit for the September quarter, reaching Rs 7,401.26 crore.

  • Axis Bank Reports Strong Q2 Earnings Growth - 18 Oct, 2024

    Axis Bank's Q2 FY25 results show an 18% YoY increase in net profit to Rs 6,918 crore, driven by solid total income growth. Analysts have mixed views, with some cutting target prices due to concerns over slower growth and elevated credit costs. Despite this, the bank's performance remains strong overall.

  • Axis Bank Reports Strong Q2 Earnings Amid Challenges - 17 Oct, 2024

    Axis Bank's Q2 FY25 results show an 18% increase in net profit to ₹6,918 crore, despite rising provisions due to retail slippages. The gross NPA ratio improved to 1.44%. However, shares fell 1.8% amid concerns over unsecured loan stress.

  • Axis Bank Q2 Results Preview Shows Positive Growth - 16 Oct, 2024

    Axis Bank is expected to report an 8-9% year-on-year increase in net profit for Q2 FY25, driven by growth in net interest income. The bank's shares slipped slightly ahead of the results announcement scheduled for October 17, 2024.

  • Axis Bank Q2 Preview Shows Modest Profit Growth - 15 Oct, 2024

    Axis Bank's Q2 results are anticipated to show modest profit growth, with net profit expected at Rs 6,630 crore, driven by tepid loan growth and increased deposits. Analysts predict challenges with net interest margins (NIM) due to slower loan growth and higher costs of funds.

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 22.87% to 24.43% in Sep 2024 quarter

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 2 quarters, 37.79K Cr → 39.20K Cr (in ₹), with an average increase of 3.6% per quarter

  • imgPOSITIVE IMPACT

    Retail Holding Up

    img

    Retail Investor have increased holdings from 6.33% to 6.41% in Sep 2024 quarter

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 2 quarters, 6.43K Cr → 7.40K Cr (in ₹), with an average increase of 13.0% per quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, State Bank of India has given 43.0% return, outperforming this stock by 27.1%

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, ICICI Bank Ltd has given 65.2% return, outperforming this stock by 9.8%

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 7.92% of holdings in Sep 2024 quarter

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 50.97% to 49.42% in Sep 2024 quarter

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 7 days, AXISBANK stock has moved down by -0.2%

News

July 30: ‘Axis of Resistance’ operations against Israeli occupation

Amid Israeli genocide in Gaza, Palestinian and regional resistance groups continued their operations against the regime and its Western backers on Tuesday, July 30.31 Jul, 2024 09:17 PM

SWIFT, Axis Bank launch AI pilot to tackle payment fraud

The pilot is expected to leverage a secure infrastructure that will enable financial institutions to exchange relevant information with strong privacy-preserving controls, according to the two partners. SWIFT's AI anomaly detection model will then be able to gather insights and identify potential fraud patterns from a much richer dataset, they said.01 Aug, 2024 12:34 AM

Explained: ‘AXIS of resistance’

Iran-backed anti-US, anti-Israel grouping comprising Hezbollah, Hamas and the Houthis, among others01 Aug, 2024 08:19 AM
View More

Axis Bank Ltd Financials

Value in ₹ crore
DetailsQ'3 23Q'4 23Q'1 24Q'2 24Q'3 24
Revenue₹33,122.23Cr (-)₹35,136.83Cr (↑6.08%)₹37,836.10Cr (↑7.68%)₹37,795.88Cr (↓0.11%)₹39,203.77Cr (↑3.72%)
Net Income₹6,204.15Cr (-)₹6,491.66Cr (↑4.63%)₹7,599.04Cr (↑17.06%)₹6,436.43Cr (↓15.30%)₹7,401.26Cr (↑14.99%)
Net Profit Margin18.73% (-)18.48% (↓1.33%)20.08% (↑8.66%)17.03% (↓15.19%)18.88% (↑10.86%)
Value in ₹ crore
Details2021202220232024
Total Assets₹9,86,839.67Cr (-)₹11,75,625.23Cr (↑19.13%)₹13,17,743.86Cr (↑12.09%)₹14,77,892.91Cr (↑12.15%)
Total Liabilities₹9,86,839.67Cr (-)₹11,75,625.23Cr (↑19.13%)₹13,17,743.86Cr (↑12.09%)₹14,77,892.91Cr (↑12.15%)
Value in ₹ crore
Details20202021202220232024
Operating Cash Flow₹29,613.28Cr (-)₹13,582.64Cr (↓54.13%)₹33,951.27Cr (↑149.96%)₹26,902.11Cr (↓20.76%)₹6,460.68Cr (↓75.98%)

Index Inclusions

Nifty Private Bank

₹25,012.50

-1.32 (-335.3%)

NIFTY 50

₹23,995.35

-1.27 (-309%)

DFRGRI Indices

₹1,448.54

-1.25 (-18.29%)

BANKEX

₹58,302.85

-0.99 (-584.21%)

S&P BSE Fin. Ser

₹11,432.30

-1.23 (-142.54%)

S&P BSE 250 LargeMidCap

₹10,473.16

-1.28 (-136.27%)

BSE 200

₹11,037.46

-1.27 (-141.51%)

Nifty 500

₹22,518.30

-1.34 (-305.25%)

Nifty Services Sector

₹31,346.95

-0.98 (-310.15%)

BANK NIFTY

₹51,215.25

-0.89 (-458.65%)

S&P BSE 100 ESG

₹395.47

-1.29 (-5.18%)

S&P BSE Private Banks

₹18,123.37

-1.17 (-214.46%)

SENSEX

₹78,782.24

-1.18 (-941.88%)

Nifty Financial

₹23,660.25

-1.2 (-287.35%)

BSE 100

₹25,328.43

-1.26 (-323.44%)

S&P BSE Bharat 22

₹8,935.17

-1.56 (-141.64%)

Nifty LargeMidcap 250

₹15,685.80

-1.25 (-198.9%)

S&P BSE SENSEX 50

₹25,234.26

-1.27 (-325.5%)

S&P BSE Largecap

₹9,327.53

-1.29 (-121.51%)

S&P BSE 100 LargeCap TMC

₹8,952.97

-1.32 (-119.79%)

Nifty100 Eq Weig

₹32,172.25

-1.32 (-431.7%)

NIFTY 100

₹24,857.75

-1.3 (-326.85%)

Nifty 200

₹13,513.55

-1.29 (-176.8%)

S&P BSE AllCap

₹10,400.24

-1.35 (-142.15%)

BSE 500

₹35,474.13

-1.33 (-477.59%)

Axis Bank Ltd Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
7.92%
-0.10
Foreign Institutions
49.42%
-3.03
Mutual Funds
24.43%
6.82
Retail Investors
6.41%
1.29
Others
11.82%
-0.73

Axis Bank Ltd Key Indicators

Details20202021202220232024
Return On Equity %2.157.0612.027.9617.98
Details20202021202220232024
Return On Assets %0.20.731.20.821.79
Details20202021202220232024
Book Value Per Share (₹)305.99338.13384.75420.42505.84
Details20202021202220232024
Earning Per Share (₹)6.6623.6746.1435.2785.61

Axis Bank Ltd Valuation

Axis Bank Ltd in the last 5 years

  • Overview

  • Trends

Lowest (11.96x)

April 18, 2024

Today (12.93x)

November 1, 2024

Industry (15.69x)

November 1, 2024

Highest (85.01x)

August 28, 2020

LowHigh

Axis Bank Ltd Earnings and Dividends

  • Axis Bank Ltd Earnings Results

    Axis Bank Ltd’s net profit jumped 19.3% since last year same period to ₹7,401.26Cr in the Q2 2024-2025. On a quarterly growth basis, Axis Bank Ltd has generated 14.99% jump in its net profits since last 3-months.

    Read More about Earnings Results
  • Axis Bank Ltd Dividends April,2024

    In the quarter ending March 2024, Axis Bank Ltd has declared dividend of ₹1 - translating a dividend yield of 0.18%.

    Read More about Dividends

Axis Bank Ltd Technicals Summary

Bearish

Neutral

Bullish

Bearish

Axis Bank Ltd is currently in a Bearish trading position according to technical analysis indicators.

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Axis Bank Ltd (AXISBANK) share price today is ₹1139.25

Axis Bank Ltd is listed on NSE

Axis Bank Ltd is listed on BSE

  • Today’s highest price of Axis Bank Ltd is ₹1176.95.
  • Today’s lowest price of Axis Bank Ltd is ₹1135.45.

PE Ratio of Axis Bank Ltd is 12.93

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 92.89L.

Today’s market capitalisation of Axis Bank Ltd(AXISBANK) is ₹361816.66Cr.

Axis Bank Ltd(AXISBANKPrice
52 Week High
₹1339.65
52 Week Low
₹968

Axis Bank Ltd(AXISBANK) share price is ₹1139.25. It is down -14.96% from its 52 Week High price of ₹1339.65

Axis Bank Ltd(AXISBANK) share price is ₹1139.25. It is up 17.69% from its 52 Week Low price of ₹968

Axis Bank Ltd(AXISBANKReturns
1 Day Returns
-30.3%
1 Month Returns
-0.75%
3 Month Returns
3.18%
1 Year Returns
15.87%