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Brokerage firm HSBC cut its price target on Axis Bank to Rs 1,170 from Rs 1,350 while maintaining a buy rating.
Axis Bank Analyst Rating
based on 42 analysts
80.49%
Buy
19.51%
Hold
0.00%
Sell
Based on 42 analysts offering long term price targets for Axis Bank. An average target of ₹1352.17
Source: S&P Global Market Intelligence
Axis Bank Share analysis
Axis Bank price forecast by 42 analysts
Upside of36.44%
High
₹1590
Target
₹1352.17
Low
₹1100
Axis Bank target price ₹1352.17, a slight upside of 36.44% compared to current price of ₹991.05. According to 42 analysts rating.
Excluding Excise Duty and Other Income, represents Net Revenue
Axis Bank revenue growth forecast
Expected growth rate Q1, FY2027:0
Forecast
Actual
Including amortisation and stock based compensations
Axis Bank EPS growth forecast
EPS estimate Q1, FY2027:29.10%
Forecast
Actual
Source: S&P Global Market Intelligence
Axis Bank Performance
Day's Low
Day's High
₹974.6Day's Price Range₹1,011.752 Week's Low
52 Week's High
₹974.652-Week Price Range₹1,339.65
| Returns % | |
| 1 Month Return | -11.69 % |
| 3 Month Return | -17.2 % |
| 1 Year Return | -9.7 % |
| Market Stats | |
| Previous Close | ₹1,038.00 |
| Open | ₹1,000.00 |
| Volume | 3.38Cr |
| Upper Circuit | - |
| Lower Circuit | - |
| Market Cap | ₹3,21,287.83Cr |
Axis Bank Key Statistics
| P/E Ratio | 10.87 |
| PEG Ratio | 0.23 |
| Market Cap | ₹3,21,287.83 Cr |
| P/B Ratio | 2.15 |
| EPS | 85.61 |
| Dividend Yield | 0.1 |
| Sector | Banks |
| ROE | 17.98 |
Axis Bank Peer Comparison
Company | Analyst View | Market Cap | 5 Year CAGR | Debt to Asset Ratio | Net Profit | Yearly Revenue |
|---|---|---|---|---|---|---|
| BUY | ₹3,21,287.83 Cr | 7.26% | NA | ₹26,386 Cr | ₹1,37,989 Cr | |
| BUY | ₹75,984.80 Cr | -5.42% | NA | ₹8,977 Cr | ₹55,143 Cr | |
| BUY | ₹24,353.05 Cr | -13.75% | NA | NA | NA | |
| BUY | ₹8,81,874.56 Cr | 25.82% | NA | ₹44,256 Cr | ₹2,36,037 Cr | |
| BUY | ₹12,63,539.97 Cr | 6.09% | NA | ₹64,062 Cr | ₹4,07,994 Cr |
Axis Bank Mutual Fund Holdings
About Axis Bank
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: ₹991.05 per share as on 17 Jan, 2025 04:01 PM
Market Capitalisation: ₹3,21,287.83Cr as of today
Revenue: ₹38,959.17Cr as on December 2024 (Q4 24)
Net Profit: ₹6,742.29Cr as on December 2024 (Q4 24)
Listing date: 16 Nov, 1998
Chairperson Name: Rakesh Makhija
| Organisation | Axis Bank |
| Headquarters | Mumbai |
| Industry | Banks |
| E-voting on shares | Click here to vote |
What's happening today
Today's Timeline - Invalid Date
02:30 AM
-Axis Bank shares fell 6% after disappointing Q3 results, hitting a 52-week low of ₹974.45.
Key events for Axis Bank Ltd
Axis Bank Reports Profit Growth Amid Rising Slippages - 16 Jan, 2025
Axis Bank's Q3 FY25 results showed a 4% net profit rise to ₹6,304 crore, despite increased fresh slippages and missing NII expectations. Shares jumped nearly 2% post-announcement.Axis Bank Faces Modest Growth and GNPA Concerns - 14 Jan, 2025
Axis Bank is projected to report muted growth in net interest income and profit for Q3 FY25, with concerns over rising GNPA ratios and moderate loan growth impacting performance.IIFL Advises Sell on Axis Bank Shares - 13 Jan, 2025
IIFL Securities has recommended shareholders sell Axis Bank shares at Rs 1044, with a target price of Rs 1015-992 and a stop loss at Rs 1072. The upcoming Q3 earnings season is also a key focus for investors.Axis Bank Set to Announce Financial Results - 10 Jan, 2025
Axis Bank will announce its financial results on January 16, with expectations of reporting total income of ₹20,118 crore for the December quarter. The bank previously reported a 9% YoY growth in net interest income for the September quarter.HDFC Mutual Fund Increases Stake in Axis Bank - 09 Jan, 2025
HDFC Mutual Fund has increased its stake in Axis Bank to 5.02% after acquiring additional shares. The bank reported a 9% rise in Net Interest Income, but its stock has faced pressure, declining over 4% in the past year.Regulatory Risks for Corporate Lenders Including Axis Bank - 08 Jan, 2025
A recent warning highlights that corporate lenders like Axis Bank could face downgrades to default status due to strict regulations on payment delays, impacting their credit ratings.Axis Bank Allots Shares and Prepares for Q3 Results - 07 Jan, 2025
On January 7, 2025, Axis Bank allotted 86,996 equity shares under its ESOP, increasing its paid-up capital. The bank is set to report Q3FY25 results on January 16.HSBC Sets Target Price for Axis Bank - 06 Jan, 2025
HSBC has set a target price of Rs 1,350 for Axis Bank, citing its strong digital investments and focus on granular loans to enhance profitability.Axis Bank Strengthens Brand with Max Life Rebranding - 03 Jan, 2025
Jefferies maintains a Buy rating on Axis Bank but reduces the price target. Max Life Insurance rebrands to Axis Max Life, leveraging Axis Bank's brand strength.Axis Bank Faces Market Challenges Amid Leadership Plans - 01 Jan, 2025
Axis Bank's current market position shows a sell call at Rs 1,073, while CEO Amitabh Chaudhry emphasizes growth strategies for his third term. The bank is also listed among top market losers today.Analysts Recommend Buy for Axis Bank Ltd - 31 Dec, 2024
On December 31, 2024, analysts shared buy recommendations for Axis Bank Ltd, suggesting a favorable outlook for the stock amidst market movements.Insider Trading Allegations Against Axis Bank Employee - 30 Dec, 2024
Vaibhav Pitadiya, a relationship manager at Axis Bank, is accused of exploiting insider knowledge to manipulate vulnerabilities in CRED's corporate account, which handles significant daily transactions.Axis Bank Staff Arrested in Major Embezzlement Case - 29 Dec, 2024
Karnataka police arrested an Axis Bank relationship manager and three accomplices for siphoning off Rs 12.2 crore from Dreamplug Paytech Solutions using forged documents and unauthorized access.Axis Bank Enhances Interoperability for PPI Wallets - 27 Dec, 2024
Axis Bank's President Sanjeev Moghe announced that Full KYC Prepaid Payment Instruments (PPIs) will become interoperable, similar to bank accounts and RuPay credit cards, allowing integration with any UPI app.Axis Bank Market Price and Cap Update - 26 Dec, 2024
As of December 26, 2024, Axis Bank's market price stands at ₹1,076.80, reflecting a slight decline of -0.19%, with a market capitalization of ₹3,26,763 crore.Axis Bank Faces Allegations of Fraud and Misconduct - 25 Dec, 2024
Paritosh Upadhyay alleges Rs 6.5 crore was siphoned from his Axis Bank account through forged cheques. Axis Bank denies the claims, stating transactions were made with Upadhyay's knowledge. The case has raised concerns among other clients, leading to a potential erosion of trust in the bank.Axis Bank's Strategic Insights on Growth and Acquisitions - 24 Dec, 2024
Axis Bank's leadership discusses maintaining NIM, skepticism on interest rate cuts boosting capex, and rules out acquisitions of Yes Bank or IDBI Bank while remaining open to future opportunities.Axis Bank Shares Decline Amidst Market Trends - 20 Dec, 2024
Axis Bank Ltd shares are currently trading at Rs 1,084.30, reflecting a 2.22% loss today and a 4.73% decline over the past month. The stock's 52-week high is Rs 1,339.65, while the low is Rs 995.70.
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.
POSITIVE IMPACTMF Holding Up
Mutual Funds have increased holdings from 24.43% to 27.91% in Dec 2024 quarter
- POSITIVE IMPACT
Retail Holding Up
Retail Investor have increased holdings from 6.41% to 6.70% in Dec 2024 quarter
NO EFFECTAgainst Peers
In the last 3 years, ICICI Bank Ltd has given 50.0% return, outperforming this stock by 4.6%
- NO EFFECT
Against Peers
In the last 1 year, ICICI Bank Ltd has given 21.8% return, outperforming this stock by 28.1%
NEGATIVE IMPACTPromoter Holding Down
Promoters have decreased holdings from 7.92% to 7.91% in Dec 2024 quarter
- NEGATIVE IMPACT
Price Dip
In the last 7 days, AXISBANK stock has moved down by -1.7%
- NEGATIVE IMPACT
Revenue Fall
Revenue is down for the last 2 quarters, 39.20K Cr → 38.95K Cr (in ₹), with an average decrease of 0.6% per quarter
- NEGATIVE IMPACT
Profit Down
Netprofit is down for the last 2 quarters, 7.40K Cr → 6.74K Cr (in ₹), with an average decrease of 8.9% per quarter
- NEGATIVE IMPACT
FII Holding Down
Foreign Institutions have decreased holdings from 49.42% to 45.49% in Dec 2024 quarter
News
Axis Bank Share Price Analysis: January 2025 Update
Axis Bank posted a 4 per cent growth in its December quarter net profit to Rs 6,304 crore. The total income of the bank surged to Rs 36,926 crore in the quarter under review from Rs 33,516 crore in the year-ago period. Brokerage house InCred has maintained a hold rating on Axis Bank stock with a target price of Rs 1,100. Though Axis Bank reported a flat trend in headline NPA numbers on a sequential basis, the trend in fresh slippage remained elevated at Rs54.3bn, as against Rs44.4bn last quarter, with the annualized gross slippage ratio at ~2.13% vs. ~1.78% last quarter.18 Jan, 2025 09:34 AMAxis Bank Shares Plunge 6% on Weak Q3 Results
Axis Banks share price plunged 6% intraday, hitting a fresh 52-week low of ₹974.45 on the Bombay Stock Exchange (BSE), a day after the private lender announced its third-quarter results. In response to the disappointing performance, several brokerages lowered their price targets, citing factors such as a sharp rise in slippage and credit costs, muted deposit growth, net interest margin (NIM) contraction, and lower fee income. The stock ended 4.7 % lower in the BSE at Rs 991 per share. Brokerage firm HSBC cut its price target on the lender to Rs 1,170 from Rs 1,350 earlier while maintaining a buy rating. Citi also cut its price target on the bank to 1,160 from Rs 1,190 earlier, while retaining its neutral rating on the stock. Nuvama Institutional Equities has cut its one-year share target price on the bank to Rs 1,220 from Rs 1,335. Emkay Global Financial cut its target price for the bank to Rs 1,300 from Rs 1,400 but retained its buy rating. Analysts said that credit cost is now the highest among the top five banks and deposit growth the slowest. Gross credit cost of 86 basis points in the third quarter of current fiscal is higher quarter-on-quarter and also marginally higher than the high base of the first quarter of current fiscal, further credit cost is now amongst the highest. It is the highest among the top four banks and higher than Federal Bank and many state banks, said Nuvama Institutional Equities in a report. Out of the 49 analysts who have coverage on Axis Bank, 40 of them have a buy rating, while the rest have a hold rating. The bank reported a 3.83% year-on-year increase in net profit for the December quarter at Rs 6,304 crore, compared to Rs 6,071 crore in the same period a year ago. On a sequential basis, net profit dropped 9 % from Rs 6,917 crore posted in the July-September quarter. Axis Banks growth in advances and deposits for the quarter was the slowest in the last 15 quarters. A dominant part of the slippages for the third quarter emerged from the personal loans and credit cards book. Most of the sequential rise in gross slippages amounting to Rs 9.89 billion comes from seasonality pertaining to agri loan slippages.18 Jan, 2025 02:30 AMMetropolitan Stock Exchange Receives ₹238 Crore Investment Amid Financial Struggles
Prominent investors such as DMart founder Radhakishan Damani (0.31 per cent), Enams co-founder Nemish Shah (2.02 per cent), and several major banks, including SBI, Bank of Baroda, Punjab National Bank, HDFC Bank, Axis Bank and Union Bank of India (all put together 0.36 per cent), are existing shareholders in MSEI.17 Jan, 2025 06:18 PMAxis Bank Financials
Index Inclusions
Axis Bank Shareholding Pattern
| Investors | Holdings % | FY Quarter | 3M change |
|---|---|---|---|
| Promoter Holdings | 7.91% | ||
| Foreign Institutions | 45.49% | ||
| Mutual Funds | 27.91% | 14.25 | |
| Retail Investors | 6.7% | 4.48 | |
| Others | 11.98% | 1.41 |
Axis Bank Key Indicators
Axis Bank Valuation
Axis Bank in the last 5 years
Lowest (10.87x)
January 17, 2025
Today (10.87x)
January 17, 2025
Industry (14.88x)
January 17, 2025
Highest (85.01x)
August 28, 2020
Axis Bank Earnings and Dividends
Axis Bank Ltd Earnings Results
Axis Bank Ltd’s net profit jumped 3.86% since last year same period to ₹6,742.29Cr in the Q3 2024-2025. On a quarterly growth basis, Axis Bank Ltd has generated -8.9% fall in its net profits since last 3-months.
Read More about Earnings ResultsAxis Bank Ltd Dividends April,2024
In the quarter ending March 2024, Axis Bank Ltd has declared dividend of ₹1 - translating a dividend yield of 0.20%.
Read More about Dividends
Axis Bank Technicals Summary
Bearish
Neutral
Bullish
Axis Bank Ltd is currently in a Bearish trading position according to technical analysis indicators.
FAQs on Axis Bank Ltd
Axis Bank Ltd share price today stands at ₹991.05, Open. ₹1000 ; Previous Close. ₹1038 ; High. ₹1011.7 ; Low. ₹974.6 ; 52 Week High. ₹1339.65 ; 52 Week Low: ₹974.6.
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Axis Bank Ltd is listed on NSE
Axis Bank Ltd is listed on BSE
- Today’s highest price of Axis Bank Ltd is ₹1011.7.
- Today’s lowest price of Axis Bank Ltd is ₹974.6.
PE Ratio of Axis Bank Ltd is 10.87
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 3.38Cr.
Today’s market capitalisation of Axis Bank Ltd(AXISBANK) is ₹321287.83Cr.
| Axis Bank Ltd(AXISBANK | Price |
|---|---|
52 Week High | ₹1339.65 |
52 Week Low | ₹974.6 |
Axis Bank Ltd(AXISBANK) share price is ₹991.05. It is down -26.02% from its 52 Week High price of ₹1339.65
Axis Bank Ltd(AXISBANK) share price is ₹991.05. It is up 1.69% from its 52 Week Low price of ₹974.6
| Axis Bank Ltd(AXISBANK | Returns |
|---|---|
1 Day Returns | -46.95% |
1 Month Returns | -11.69% |
3 Month Returns | -17.2% |
1 Year Returns | -9.7% |