Axis Bank share price closes at ₹1,290, edges up 0.16% on October 16

Key Takeaways

• Axis Bank ended at ₹1,290, up ₹2 or 0.16%, and finished only ₹3 below the session high of ₹1,293. 
• Volume exceeded 9.22 million shares as the closing price remained above the 50-day, 100-day and 200-day DMAs. 
• The one-year return stood at 10.29%, compared with a 5.49% one-month gain and negative three- and six-month readings. 

Axis Bank share price closed October 16 at ₹1,290, gaining ₹2 or 0.16%. The share opened at the same ₹1,290 level and traded between ₹1,271 and ₹1,293. That gave the session a ₹22 high-low range. The stock recovered ₹19 from the intraday low and finished only ₹3 below the high, while the open-to-close movement was effectively flat. 

Volume was substantial at 9,220,148 shares. Market capitalisation stood at ₹4,01,689 crore. The closing price also remained above each of the three principal moving averages reported by 5paisa. The nearest was the 100-day measure rather than the 50-day reference. 

Axis Bank's 50-day DMA stood at ₹1,250.60, leaving the close ₹39.40 higher. The 100-day DMA was ₹1,261.40, a difference of ₹28.60, while the 200-day DMA was ₹1,259.60, putting the closing price ₹30.40 above that level. The three averages themselves were contained in a relatively narrow band compared with the wider 52-week range. 

During the past 52 weeks, Axis Bank traded between ₹1,150 and ₹1,418. The October 16 close was ₹140 above the low and ₹128 below the high. In absolute terms, that placed the stock fairly close to the midpoint of its annual price span. 

Returns varied by period. One-month performance was positive at 5.49%, while the three-month return was -1.70% and the six-month figure was -4.83%. Over one year, the stock recorded a 10.29% return. The daily 0.16% increase was therefore modest, though the closing location near the session high and the price's position above the cited moving averages were more distinctive numerical features of the October 16 session.