🔔 Market Position Alert
Axis Bank is set to overtake Yes Bank as the largest payment service provider in the UPI ecosystem by the end of September 2024.
Analyst Rating
based on 43 analysts
76.19%
Buy
23.81%
Hold
0.00%
Sell
Based on 43 analysts offering long term price targets for Axis Bank Ltd. An average target of ₹1364.07
Source: S&P Global Market Intelligence
Axis Bank Ltd Share analysis
Axis Bank Ltd price forecast by 43 analysts
Upside of9.97%
High
₹1550
Target
₹1364.07
Low
₹1107
Axis Bank Ltd target price ₹1364.07, a slight upside of 9.97% compared to current price of ₹1242.7. According to 43 analysts rating.
Excluding Excise Duty and Other Income, represents Net Revenue
Axis Bank Ltd revenue growth forecast
Expected growth rate Q1, FY2026:0
Forecast
Actual
Including amortisation and stock based compensations
Axis Bank Ltd EPS growth forecast
EPS estimate Q1, FY2026:16.59%
Forecast
Actual
Source: S&P Global Market Intelligence
Performance
Day's Low
Day's High
₹1,239₹1,261.752 Week's Low
52 Week's High
₹951.4₹1,339.65
| Returns % | |
| 1 Month Return | + 7.56 % |
| 3 Month Return | + 1.13 % |
| 1 Year Return | + 20.75 % |
| Market Stats | |
| Previous Close | ₹1,240.45 |
| Open | ₹1,248.45 |
| Volume | 84.50L |
| Upper Circuit | - |
| Lower Circuit | - |
| Market Cap | ₹3,83,612.39Cr |
Key Statistics
| P/E Ratio | 14.31 |
| PEG Ratio | 0.31 |
| Market Cap | ₹3,83,612.39 Cr |
| P/B Ratio | 2.15 |
| EPS | 85.61 |
| Dividend Yield | 0.1 |
| Sector | Banks |
| ROE | 17.98 |
Peer Comparison
Company | Analyst View | Market Cap | 5 Year CAGR | Debt to Asset Ratio | Net Profit | Yearly Revenue |
|---|---|---|---|---|---|---|
| BUY | ₹3,83,612.39 Cr | 18.87% | NA | ₹26,386 Cr | ₹1,37,989 Cr | |
| BUY | ₹1,15,309.91 Cr | 3.09% | NA | ₹8,977 Cr | ₹55,143 Cr | |
| HOLD | ₹34,334.63 Cr | -10.4% | NA | NA | NA | |
| BUY | ₹9,07,662.53 Cr | 46.65% | NA | ₹44,256 Cr | ₹2,36,037 Cr | |
| BUY | ₹12,92,495.05 Cr | 10.79% | NA | ₹64,062 Cr | ₹4,07,994 Cr |
Company Information
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: ₹1242.70 per share as on 19 Sep, 2024 04:01 PM
Market Capitalisation: ₹3,83,612.39Cr as of today
Revenue: ₹37,795.88Cr as on June 2024 (Q2 24)
Net Profit: ₹6,436.43Cr as on June 2024 (Q2 24)
Listing date: 03 Dec, 1998
Chairperson Name: Rakesh Makhija
| Organisation | Axis Bank Ltd |
| Headquarters | Mumbai |
| Industry | Banks |
| E-voting on shares | Click here to vote |
What's happening today
Today's Timeline - Invalid Date
03:05 PM
-Axis Bank is close to surpassing Yes Bank as the largest payment service provider in the UPI ecosystem.
Key events for Axis Bank Ltd
Axis Bank Nears Top Spot in UPI Payments - 19 Sep, 2024
Axis Bank is on track to become the largest payment service provider in the UPI ecosystem, closely trailing Yes Bank. Factors contributing to this growth include strengthened partnerships with major UPI players and regulatory shifts benefiting Axis Bank.
Axis Bank Expands Wealth Management and Receives Positive Rating - 16 Sep, 2024
Axis Bank's Burgundy Private is expanding its wealth management services to 15 new cities, enhancing its presence to 42 locations. CLSA maintains an Outperform rating with a target price of Rs 1,400, emphasizing growth in deposits.
Governance Concerns Raised for Axis Bank's Business - 13 Sep, 2024
Regulatory scrutiny has intensified for Axis Bank's Bharat Enterprises, which focuses on retail and wholesale loans in rural India, due to serious governance concerns.
Axis Bank Faces Regulatory Scrutiny and Leadership Changes - 11 Sep, 2024
Axis Bank is under scrutiny from the RBI for its Achievers Club contest and faces penalties for regulatory violations. Additionally, the bank appoints Nachiket Naik to lead its private credit business, while a former trader is accused of market manipulation by the ED.
RBI Penalty on Axis Bank Amidst Share Gains - 10 Sep, 2024
The Reserve Bank of India penalized Axis Bank ₹1.91 crore for regulatory violations. Despite this, Axis Bank shares rose 1.40% to ₹1,187.00.
Axis Bank Launches Ultra-Premium Credit Card - 06 Sep, 2024
Axis Bank has introduced the Primus credit card, targeting ultra-high-net-worth individuals (UHNIs). With a joining fee of ₹5 lakh and an annual fee of ₹3 lakh, it ranks among India's most expensive credit cards.
Axis Bank Secures Long-Term Capital Through Bonds - 05 Sep, 2024
On September 5, 2024, Axis Bank raised ₹3,925 crore via 10-year infrastructure bonds to bolster capital amid slower deposit growth. Additionally, the Delhi High Court directed Axis Bank to review an account freeze issue, ensuring a fair resolution process.
Axis Bank Unveils Innovative Digital Banking Solutions - 04 Sep, 2024
Axis Bank introduced UPI-ATM for cardless cash withdrawals and Bharat Connect for Business, showcasing its commitment to innovation in banking services.
UBS Raises Target Price for Axis Bank - 02 Sep, 2024
UBS has reiterated a buy rating on Axis Bank, increasing the target price to Rs 1,250 amid attractive valuations, despite recent underperformance and sectoral headwinds.
Axis Bank Reports Profit Growth and Target Price Increase - 01 Sep, 2024
Axis Bank reported a standalone net profit of Rs 6,035 crore for Q1 FY2024, up 4% YoY. UBS raised its target price from Rs 1150 to Rs 1250, maintaining a Buy rating despite anticipated near-term weakness. The stock closed at Rs 1175.50, reflecting a 0.35% gain over the last three months and a 7% increase YTD.
Axis Bank Enhances Services Amid Fraud Concerns - 30 Aug, 2024
Axis Bank's CEO highlighted the need for zero balance accounts to scale and addressed rising fraud concerns. The bank plans to enhance its mobile app for transactions and is piloting AI and machine learning initiatives to streamline hiring processes.
Axis Bank to Issue Infrastructure Bonds Soon - 29 Aug, 2024
Axis Bank is preparing to raise funds through infrastructure bonds, with plans to announce the issue in September, driven by strong government spending. The bank aims to raise around 40-50 billion rupees through 10-year bonds, following a previous successful issuance.
Axis Bank's Hiring Trends and Freelance Job Success - 28 Aug, 2024
Axis Bank's pilot project for remote freelance jobs received over 50,000 applications. HR head Rajkamal Vempati highlights the need for personalized hiring solutions in a multi-generational workforce.
Axis Bank Sees Issuance Growth and Market Potential - 26 Aug, 2024
Axis Bank has raised ₹27,010 crore in infra bonds this year. Analysts recommend buying shares at Rs 1,160-1,150, citing potential upside. Neeraj Gambhir highlights the disparity between infra bond funding and deposit growth.
Axis Bank Allots Shares and Sees Weekly Surge - 22 Aug, 2024
Axis Bank allotted 1,23,160 equity shares under its ESOP scheme, raising its paid-up capital. The bank also surged 9.83% this week, marking its best performance since October 2022.
Axis Bank Explores Stake Sale for NBFC Unit - 21 Aug, 2024
Axis Bank is contemplating a stake sale or listing for its NBFC unit, Axis Finance, while reporting a significant rise in Q1 FY25 net profit. The bank also plans to expand its credit card terminal business, having achieved a top position in just four years.
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 21.89% to 22.87% in Jun 2024 quarter
- POSITIVE IMPACT
Price Rise
In the last 7 days, AXISBANK stock has moved up by 3.1%
NO EFFECTAgainst Peers
In the last 1 year, State Bank of India has given 31.9% return, outperforming this stock by 11.1%
- NO EFFECT
Against Peers
In the last 3 years, ICICI Bank Ltd has given 81.5% return, outperforming this stock by 25.6%
NEGATIVE IMPACTProfit Down
Netprofit is down for the last 2 quarters, 7.59K Cr → 6.43K Cr (in ₹), with an average decrease of 15.3% per quarter
- NEGATIVE IMPACT
Retail Holding Down
Retail Investor have decreased holdings from 7.54% to 6.33% in Jun 2024 quarter
- NEGATIVE IMPACT
Promoter Holding Down
Promoters have decreased holdings from 7.93% to 7.92% in Jun 2024 quarter
- NEGATIVE IMPACT
Revenue Fall
Revenue is down for the last 2 quarters, 37.83K Cr → 37.79K Cr (in ₹), with an average decrease of 0.1% per quarter
- NEGATIVE IMPACT
FII Holding Down
Foreign Institutions have decreased holdings from 51.96% to 50.97% in Jun 2024 quarter
Axis Bank Ltd Infographics
Axis Bank Ltd Q1 FY2024-2025 Results: Key Insights
Axis Bank sees steady growth in average deposits and advances for Q1FY25
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 PMSWIFT, 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 AMExplained: ‘AXIS of resistance’
Iran-backed anti-US, anti-Israel grouping comprising Hezbollah, Hamas and the Houthis, among others01 Aug, 2024 08:19 AMCompany Financials
Index Inclusions
Shareholding Pattern
| Investors | Holdings % | FY Quarter | 3M change |
|---|---|---|---|
| Promoter Holdings | 7.92% | ||
| Foreign Institutions | 50.97% | ||
| Mutual Funds | 22.87% | 4.51 | |
| Retail Investors | 6.33% | ||
| Others | 11.9% | 11.53 |
Key Indicators
Axis Bank Ltd Valuation
Axis Bank Ltd in the last 5 years
Lowest (11.96x)
April 18, 2024
Today (14.31x)
September 18, 2024
Industry (15.74x)
September 18, 2024
Highest (85.01x)
August 28, 2020
Earnings and Dividends
Axis Bank Ltd Earnings Results
Axis Bank Ltd’s net profit jumped 5.67% since last year same period to ₹6,436.43Cr in the Q1 2024-2025. On a quarterly growth basis, Axis Bank Ltd has generated -15.3% 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 0.16%.
Read More about Dividends
Technicals Summary
Bearish
Neutral
Bullish
Axis Bank Ltd is currently in a Bullish trading position according to technical analysis indicators.
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Axis Bank Ltd (AXISBANK) share price today is ₹1242.7
Axis Bank Ltd is listed on NSE
Axis Bank Ltd is listed on BSE
- Today’s highest price of Axis Bank Ltd is ₹1261.7.
- Today’s lowest price of Axis Bank Ltd is ₹1239.
PE Ratio of Axis Bank Ltd is 14.31
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 84.50L.
Today’s market capitalisation of Axis Bank Ltd(AXISBANK) is ₹383612.39Cr.
| Axis Bank Ltd(AXISBANK | Price |
|---|---|
52 Week High | ₹1339.65 |
52 Week Low | ₹951.4 |
Axis Bank Ltd(AXISBANK) share price is ₹1242.7. It is down -7.24% from its 52 Week High price of ₹1339.65
Axis Bank Ltd(AXISBANK) share price is ₹1242.7. It is up 30.62% from its 52 Week Low price of ₹951.4
| Axis Bank Ltd(AXISBANK | Returns |
|---|---|
1 Day Returns | 2.25% |
1 Month Returns | 7.56% |
3 Month Returns | 1.13% |
1 Year Returns | 20.75% |