Axis Bank Share Price may remain bullish till Rs 1307 for next 7 days, price is moving near Day Low
Axis Bank’s share price is experiencing notable fluctuations, reflecting broader market trends and investor sentiment. The current trading price is approximately ₹1,186.10, with a day range between ₹1,173 and ₹1,183. This update comes as analysts and investors closely monitor the bank’s performance and market conditions.
Main Points
Axis Bank’s share price has shown resilience amid market volatility. The stock opened at ₹1,182, with a previous close of ₹1,178. The market capitalization stands at around ₹367,123 crore, indicating a robust position within the banking sector. Over the past year, the stock has seen a high of ₹1,339.65 and a low of ₹951.40, showcasing its potential for growth and recovery following recent market challenges.
Key Financial Metrics
- P/E Ratio: 13.60
- P/B Ratio: 2.24
- Dividend Yield: 0.08%
- Return on Equity (ROE): 16.30%
- Market Cap: ₹367,123 crore
These metrics indicate that Axis Bank remains a competitive player in the banking sector, with a solid foundation for future growth. The P/E ratio suggests that the stock is reasonably valued compared to its earnings, while the P/B ratio reflects investor confidence in the bank’s assets.
In the latest trading sessions, Axis Bank’s share price has fluctuated slightly, with a minor decrease of 0.02% from its previous close. The bank reported a year-on-year increase of 15.08% in its advances, exceeding its five-year compound annual growth rate (CAGR) of 11.38%. Additionally, the bank’s annual revenue growth of 29.99% has outperformed its three-year CAGR of 19.29%, indicating strong financial health and operational efficiency.
Technical Analysis
From a technical standpoint, Axis Bank is trading below its 50-day moving average (DMA), which is a critical indicator for traders. The stock’s ability to surpass this level could signal a potential upward trend. Currently, it is approximately 5% above its 200DMA, suggesting a positive long-term outlook if it can maintain this momentum.
Market Sentiment and Future Expectations
Market sentiment surrounding Axis Bank remains cautiously optimistic. Analysts have rated the stock as a “Buy,” reflecting confidence in its long-term growth potential. The recent integration of Citibank’s consumer business is expected to bolster Axis Bank’s market position, enhancing its customer base and service offerings. This strategic move is anticipated to contribute positively to the bank’s revenue streams and overall profitability.
Several analysts have set price targets for Axis Bank, with estimates ranging from ₹1,020 to ₹1,349. Geojit has recently suggested a target of ₹1,349, indicating potential upside for investors. The bank’s strong fundamentals, coupled with its recent performance, support these optimistic projections
Disclaimer: The information given in this article is from investment experts and brokerage companies, they do not represent Local Haryana. Before taking any investment related decision, you must consult a certified expert.
