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    • Axis Bank Share Price

    Large Cap
    ₹1,231.05
    + 13.6 (1.12%)
    17 September, 2024 00:04 BSE: 532215 NSE: AXISBANK ISIN: INE238A01034

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    Axis Bank Performance

    Day Range

    • Low 1,215
    • High 1,234
    ₹ 1,231

    52 Week Range

    • Low 951
    • High 1,340
    ₹ 1,231
    • Open Price1,222
    • Previous Close1,217
    • Volume4039284

    Axis Bank Chart

    • Over 1 Month + 6.76%
    • Over 3 Month + 4.23%
    • Over 6 Month + 17.65%
    • Over 1 Year + 19.85%

    Axis Bank Key Statistics

    P/E Ratio 14.2
    PEG Ratio 0.1
    Market Cap Cr
    Price to Book Ratio 2.4
    EPS 80.4
    Dividend 0.1
    Relative Strength Index 65.7
    Money Flow Index 66.47
    MACD Signal -0.65
    Average True Range 20.26

    Axis Bank F&O

    Axis Bank Futures Axis Bank Option Chain

    Axis Bank Investment Rating

    • Master Rating:

    • Axis Bank has an operating revenue of Rs. 143,891.04 Cr. on a trailing 12-month basis. An annual revenue growth of 30% is outstanding, Pre-tax margin of 25% is great, ROE of 16% is good. The stock from a technical standpoint is trading close to its 50DMA and comfortably placed above its 200DMA, around 7% above 200DMA. It needs to take support around the 50 DMA level to continue further upside move. From an O'Neil Methodology perspective, the stock has an EPS Rank of 88 which is a GOOD score indicating consistency in earnings, a RS Rating of 34 which is POOR indicating the underperformance as compared to other stocks, Buyer Demand at B which is evident from recent demand for the stock, Group Rank of 157 indicates it belongs to a poor industry group of Banks-Money Center and a Master Score of C is fair but needs to improve. Institutional holding has gone up in the last reported quarter is a positive sign. Overall, the stock is lagging behind in some of the technical parameters, but great earnings make it a stock to examine in more detail.

    EPS Strength

    Price Strength

    Buyer Demand

    Group Rank

    Axis Bank Financials
    IndicatorJun 2024Mar 2024Dec 2023Sep 2023Jun 2023Mar 2023
    Oper Rev Qtr Cr 30,06129,22527,96126,62625,55723,970
    Operating Expenses Qtr Cr 9,1259,3198,9468,7178,2327,470
    Operating Profit Qtr Cr 10,10610,5369,1418,6328,8149,168
    Depreciation Qtr Cr 000000
    Interest Qtr Cr 16,61316,13615,42914,31213,59812,228
    Tax Qtr Cr 2,0322,2212,0421,9541,9822,100
    Net Profit Qtr Cr 6,0357,1306,0715,8645,797-5,728
    IndicatorMar 2024Mar 2023
    Total Revenue Annual Cr 131,811101,665
    Operating Expenses Annual Cr 35,21339,656
    Operating Profit Annual in Cr 37,12319,791
    Depreciation Cr 1,33413,094
    Interest Annual Cr 59,47442,218
    Tax Annual Cr 8,1997,326
    Net Profit Annual Cr 24,8619,580
    IndicatorMar 2024Mar 2023
    Cash from Operating Activity Annual Cr 6,46126,902
    Cash from Investing Activity Annual Cr -9,258-33,022
    Cash from Financing Annual Activity Cr 10,7611,239
    Net Cash Flow Annual Cr 7,964-4,881
    IndicatorMar 2024Mar 2023
    Total ShareHolders Funds Annual Cr 151,062125,417
    Fixed Assets Annual Cr 5,6854,734
    Total Non Current Assets Annual Cr 00
    Total Current Assets Annual Cr 1,139,9971,023,777
    Total Assets Annual Cr 1,477,2091,317,326
    IndicatorMar 2024Mar 2023
    Book Value Per Share Annual Rs 489408
    ROE Annual % 168
    ROCE Annual % 75
    Total Debt to Total Equity Annual --
    EBDIT Annual Margin % 00
    IndicatorJun 2024Mar 2024Dec 2023Sep 2023Jun 2023Mar 2023
    Oper Rev Qtr Cr 31,15930,23128,86527,41826,24624,630
    Operating Expenses Qtr Cr 9,7909,9079,4579,2078,6717,900
    Operating Profit Qtr Cr 10,74511,2029,7379,1669,2529,645
    Depreciation Qtr Cr 000000
    Interest Qtr Cr 17,26116,72715,94314,74913,97212,580
    Tax Qtr Cr 2,1932,3712,1942,0962,0932,218
    Net Profit Qtr Cr 6,4367,5996,4926,2046,091-5,362
    IndicatorMar 2024Mar 2023
    Total Revenue Annual Cr 137,989106,155
    Operating Expenses Annual Cr 37,24341,227
    Operating Profit Annual in Cr 39,35621,539
    Depreciation Cr 1,38513,143
    Interest Annual Cr 61,39143,389
    Tax Annual Cr 8,7547,769
    Net Profit Annual Cr 26,38610,818
    IndicatorMar 2024Mar 2023
    Cash from Operating Activity Annual Cr -5,55522,075
    Cash from Investing Activity Annual Cr -9,088-32,694
    Cash from Financing Annual Activity Cr 22,3416,641
    Net Cash Flow Annual Cr 7,698-3,979
    IndicatorMar 2024Mar 2023
    Total ShareHolders Funds Annual Cr 157,024129,782
    Fixed Assets Annual Cr 6,1275,142
    Total Non Current Assets Annual Cr 00
    Total Current Assets Annual Cr 1,179,7581,051,181
    Total Assets Annual Cr 1,518,2391,344,418
    IndicatorMar 2024Mar 2023
    Book Value Per Share Annual Rs 509422
    ROE Annual % 178
    ROCE Annual % 75
    Total Debt to Total Equity Annual --
    EBDIT Annual Margin % 00
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    Axis Bank Technicals

    EMA & SMA

    Current Price
    ₹1,231.05
    + 13.6 (1.12%)
    pointer
    • Bullish Moving Average
    • ___
    • 16
    • Bearish Moving Average
    • ___
    • 0
    • 20 Day
    • ₹1,187.94
    • 50 Day
    • ₹1,188.54
    • 100 Day
    • ₹1,175.72
    • 200 Day
    • ₹1,133.39
    • 20 Day
    • ₹1,182.24
    • 50 Day
    • ₹1,201.60
    • 100 Day
    • ₹1,190.70
    • 200 Day
    • ₹1,137.24

    Axis Bank Resistance and Support

    PIVOT
    ₹1,226.69
    Resistance
    First Resistance 1,238.37
    Second Resistance 1,245.68
    Third Resistance 1,257.37
    RSI 65.70
    MFI 66.47
    MACD Single Line -0.65
    MACD 6.52
    Support
    First Support 1,219.37
    Second Support 1,207.68
    Third Supoort 1,200.37

    Axis Bank Delivery and Volume

    Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
    Day 4,631,794 216,536,370 46.75
    Week 6,864,398 371,844,440 54.17
    1 Month 7,098,734 404,343,910 56.96
    6 Month 10,980,821 614,706,350 55.98

    Axis Bank Result Highlights

    Axis Bank Synopsis

    NSE-Banks-Money Center

    Axis Bank Ltd. is involved in the business activities of Monetary intermediation of commercial banks, saving banks. postal savings bank and discount houses. Company’s Total Operating Revenue is Rs. 109368.63 Cr. and Equity Capital is Rs. 617.31 Cr. for the Year ended 31/03/2024. Axis Bank Ltd. is a Public Limited Listed company incorporated on 03/12/1993 and has its registered office in the State of Gujarat, India. Company’s Corporate Identification Number(CIN) is L65110GJ1993PLC020769 and registration number is 020769.
    Market Cap 376,500
    Sales 137,011
    Shares in Float 284.51
    No of funds 1677
    Yield 0.08
    Book Value 2.49
    U/D Vol ratio 0.9
    LTDebt / Equity 130
    Alpha -0.04
    Beta 0.94

    Axis Bank Shareholding Pattern

    Owner NameJun-24Mar-24Dec-23Sep-23
    Promoters 8.31%8.22%8.2%8.22%
    Mutual Funds 23.98%22.67%21.43%21.29%
    Insurance Companies 4.91%4.61%4.51%4.67%
    Foreign Portfolio Investors 53.43%53.84%54.68%53%
    Financial Institutions/ Banks 0.02%0.07%0.11%0.12%
    Individual Investors 5.11%5.13%5.38%5.58%
    Others 4.24%5.46%5.69%7.12%

    Axis Bank Management

    Name Designation
    Mr. N S Vishwanathan Part Time Chairman & Independent Director
    Mr. Amitabh Chaudhry Managing Director & CEO
    Mr. Rajiv Anand Deputy Managing Director
    Mr. Subrat Mohanty Executive Director
    Mr. Munish Sharda Executive Director
    Ms. Meena Ganesh Independent Director
    Mr. G Padmanabhan Independent Director
    Prof. S Mahendra Dev Independent Director
    Mr. Girish Paranjpe Independent Director
    Mr. P N Prasad Independent Director
    Mr. S S Mallikarjunarao Independent Director
    Mr. Pranam Wahi Independent Director
    Ms. Mini Ipe Non Exe. & Nominee Director

    Axis Bank Forecast

    Price Estimates

    2,000(9.8%)
    1,758(-3.5%)
    1,590(-12.7%)

    Other Analyst Rating

    Axis Bank Corporate Action

    Date Purpose Remarks
    2024-07-24 Quarterly Results
    2024-04-24 Audited Results & Final Dividend
    2024-01-23 Quarterly Results
    2023-10-25 Quarterly Results
    2023-07-26 Quarterly Results
    Date Purpose Remarks
    2024-07-12 FINAL Rs.1.00 per share(50%)Final Dividend
    2023-07-07 FINAL Rs.1.00 per share(50%)Final Dividend
    2022-07-08 FINAL Rs.1.00 per share(50%)Final Dividend

    Axis Bank MF Shareholding

    Name Amount(cr)
    HDFC Balanced Advantage Fund Growth 95,391
    Parag Parikh Flexi Cap Regular Growth 75,956
    ICICI Prudential Bluechip Fund Growth 64,223

    About Axis Bank

    The bank has overseas operations in about 8 international offices. Its branches are located in Dubai, Shanghai, Hong Kong, Colombo, Singapore, and Gift-city-IBU. The bank's representative offices are in Sharjah, Abu Dhabi, Dubai, and Dhaka. The overseas subsidiary of Axis bank is in London, UK.It’s international offices deal with investment banking and liability business, syndication, trade and finance, and corporate lending.

    The bank’s vision is to become the most preferred financial service provider. The core values of Axis bank include ownership, teamwork, transparency in banking, ethics, and customer-centric approach. The bank has more than sixty thousand employees and strives to ensure the team accesses enough opportunities to attain their full potential in their careers. Axis bank values diversity and deliberately works to ensure its workforce reflects diversity and inclusion.

    The bank recognises the value of corporate social responsibility and runs the axis bank foundation to service the people in need. The foundation is registered as a public trust. The bank transfers 1% of the net profit for the preceding year to the foundation to support education for children from underprivileged backgrounds.

    The Axis bank started in 1993 as UTI and began its operations in 1994. Axis bank was promoted by Unit Trust of India, the country's best and largest financial institution. Other financial institutions that supported the establishment of the axis bank include United India Insurance limited, Oriental Insurance ltd, the New India Assurance Company Limited, and life assurance Corporation of India. The bank changed its name from UTI bank to Axis bank in 2007. The bank enjoys strengths in retail and corporate banking. Axis bank has been committed to adopting the best industry practices to achieve excellence.

    Over time, Axis Bank has reached many milestones. It was voted the most trusted private bank in India in 2013.

    In 2012, it recorded 2 lakh installed EDC machines, becoming the first bank in India to achieve that.

    In 2011, It launched the India travel card, which became the country's first Indian currency prepaid travel card. Foreign nationals mainly use the card.

    List of Axis Bank’s Subsidiaries

    1. Freecharge payment technologies private limited 
    2. Axis Bank UK Ltd.  
    3. TREDS ltd
    4. Axis Finance Ltd
    5. Axis mutual trustee Ltd (AMFT
    6. Axis Asset management company limited
    7. Axis Trustee Services ltd
    8. Axis Securities limited     
    9. Axis Capital ltd

    Bank’s Products and Services

    1. Axis Bank Saving Account
    2. Axis Bank Personal Loan
    3. Axis Bank Loan Against Property
    4. Axis Bank Home Loan
    5. Axis Bank Gold Loan
    6. Axis Bank Education Loan
    7. Axis Bank Debit Card
    8. Axis Bank Credit Card
    9. Axis Bank Car Loan
    10. Axis Bank Business Loan
     

    Axis Bank FAQs

    What is Share Price of Axis Bank ?

    Axis Bank share price is ₹1,231 As on 16 September, 2024 | 23:50

    What is the Market Cap of Axis Bank ?

    The Market Cap of Axis Bank is ₹380705.4 Cr As on 16 September, 2024 | 23:50

    What is the P/E ratio of Axis Bank ?

    The P/E ratio of Axis Bank is 14.2 As on 16 September, 2024 | 23:50

    What is the PB ratio of Axis Bank ?

    The PB ratio of Axis Bank is 2.4 As on 16 September, 2024 | 23:50

    Is Axis Bank a good buy?

    Axis Bank has a BUY rating, according to the analyst. On a trailing 12-month basis, Axis Bank had operating revenue of ₹82,191.40 crore. Annual revenue growth of 1% is not impressive, but the pre-tax margin of 12% is healthy, and the return on equity (ROE) of 6% is enough but might be better. The fact that institutional holdings have increased in the most recent quarter is a good indicator.

    Is Axis Bank safe for investment?

    Axis Bank is India's third-largest private bank, making it a very safe place to put your money.

    When was the Axis Bank founded?

    Axis Bank was established in Ahmedabad on December 3, 1993.

    Is Axis Bank private or public?

    Axis Bank is India's third-largest private sector bank.

    Who is the CEO of Axis Bank currently?

    Amitabh Chaudhry has been the CEO of Axis Bank since 1 Jan 2019.

    What is the Axis Bank's share per price target for the long term?

    As per many analysts, ₹1,020 is the price target per share.

    What is the rate of dividends declared by Axis bank in the past 5 years?

    1. The year 2020-2021- Nil
    2. The year 2019-2020- Nil
    3. The year 2018-2019- 50% (₹1 per share)
    4. The year 2017-2018- Nil     
    5. Year 2016-2017- 250% (₹5 per share)

    Who is the CEO of the Axis Bank?

    Amitabh Chaudhary is the axis bank’s CEO. 

    What is the interest rate for personal loans from Axis bank?

    Axis Bank's loan interest rate is 10.25% per annum onwards.

    Does the Axis bank offer pre-approved loans?

    Prequalified instant personal loans can be accessed by the bank’s select customers who use end-to-end digital processing.

    Does the Axis Bank allow borrowers to choose between floating and fixed rates for a personal loan?

    Axis Bank offers personal loans only at fixed interest rates.

    What is good about the Axis Bank?

    It's the 3rd largest in the private banking sector in the country and offers a wide range of financial services to its customers.

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