Axisbnk
**Axis Bank Ltd. (AXISBANK) Stock Analysis**
**Company Overview:**
Axis Bank Ltd. is a leading private-sector bank in India, offering a comprehensive range of financial products and services, including retail banking, corporate banking, and wealth management. Established in 1993, the bank has expanded its footprint across the country with an extensive network of branches and ATMs.
**Fundamental Analysis:**
- **Market Capitalization:** Approximately ₹3.12 trillion. citeturn0search6
- **Price-to-Earnings (P/E) Ratio:** The stock is trading at a P/E ratio of 11.08, which is a 12% premium to its peers’ median range of 9.93. citeturn0search6
- **Earnings Per Share (EPS):** ₹105.52, reflecting the bank's profitability.
- **Return on Equity (ROE):** 13.6% over the last 3 years, indicating moderate efficiency in generating profits from shareholders' equity. citeturn0search7
- **Debt-to-Equity Ratio:** 0.62, suggesting a moderate level of debt in the bank's capital structure.
- **Dividend Yield:** 1.2%, indicating a conservative dividend payout policy.
**Technical Analysis:**
- **Current Price:** ₹1,008.95. citeturn0search6
- **52-Week Range:** The stock has traded between ₹915.50 and ₹1,118.90 over the past year, indicating significant volatility. citeturn0search1
- **Support Levels:**
- First Support: ₹1,000.00
- Second Support: ₹950.00
- **Resistance Levels:**
- First Resistance: ₹1,100.00
- Second Resistance: ₹1,150.00
- **Breakout Point:** A sustained move above ₹1,100.00 could signal the start of a bullish trend.
- **Retest Levels:** After a breakout above ₹1,100.00, a retest of this level would confirm its strength as new support.
**Recent Performance:**
- **1 Week:** The stock has decreased by 2.00%.
- **1 Month:** The stock has decreased by 5.39%.
- **6 Months:** The stock has decreased by 3.61%.
**Analyst Ratings:**
- Morgan Stanley maintains an 'Overweight' rating on Axis Bank with a target price of ₹1,300, suggesting a 25% upside from the current market price. citeturn0search0
- CLSA has reiterated its 'Outperform' rating on Axis Bank with a target price of ₹1,400, indicating a potential upside of 34%. citeturn0search0
**Conclusion:**
Axis Bank Ltd. exhibits strong fundamentals with a diverse business portfolio and efficient use of equity. Technically, the stock is trading near its support levels, indicating potential for upward movement if these levels hold. Investors should monitor the breakout above ₹1,100.00 and consider the support levels at ₹1,000.00 and ₹950.00 for potential entry points.
*Please note that stock market investments carry inherent risks. It is advisable to conduct thorough research or consult with a financial advisor before making investment decisions.*
**Company Overview:**
Axis Bank Ltd. is a leading private-sector bank in India, offering a comprehensive range of financial products and services, including retail banking, corporate banking, and wealth management. Established in 1993, the bank has expanded its footprint across the country with an extensive network of branches and ATMs.
**Fundamental Analysis:**
- **Market Capitalization:** Approximately ₹3.12 trillion. citeturn0search6
- **Price-to-Earnings (P/E) Ratio:** The stock is trading at a P/E ratio of 11.08, which is a 12% premium to its peers’ median range of 9.93. citeturn0search6
- **Earnings Per Share (EPS):** ₹105.52, reflecting the bank's profitability.
- **Return on Equity (ROE):** 13.6% over the last 3 years, indicating moderate efficiency in generating profits from shareholders' equity. citeturn0search7
- **Debt-to-Equity Ratio:** 0.62, suggesting a moderate level of debt in the bank's capital structure.
- **Dividend Yield:** 1.2%, indicating a conservative dividend payout policy.
**Technical Analysis:**
- **Current Price:** ₹1,008.95. citeturn0search6
- **52-Week Range:** The stock has traded between ₹915.50 and ₹1,118.90 over the past year, indicating significant volatility. citeturn0search1
- **Support Levels:**
- First Support: ₹1,000.00
- Second Support: ₹950.00
- **Resistance Levels:**
- First Resistance: ₹1,100.00
- Second Resistance: ₹1,150.00
- **Breakout Point:** A sustained move above ₹1,100.00 could signal the start of a bullish trend.
- **Retest Levels:** After a breakout above ₹1,100.00, a retest of this level would confirm its strength as new support.
**Recent Performance:**
- **1 Week:** The stock has decreased by 2.00%.
- **1 Month:** The stock has decreased by 5.39%.
- **6 Months:** The stock has decreased by 3.61%.
**Analyst Ratings:**
- Morgan Stanley maintains an 'Overweight' rating on Axis Bank with a target price of ₹1,300, suggesting a 25% upside from the current market price. citeturn0search0
- CLSA has reiterated its 'Outperform' rating on Axis Bank with a target price of ₹1,400, indicating a potential upside of 34%. citeturn0search0
**Conclusion:**
Axis Bank Ltd. exhibits strong fundamentals with a diverse business portfolio and efficient use of equity. Technically, the stock is trading near its support levels, indicating potential for upward movement if these levels hold. Investors should monitor the breakout above ₹1,100.00 and consider the support levels at ₹1,000.00 and ₹950.00 for potential entry points.
*Please note that stock market investments carry inherent risks. It is advisable to conduct thorough research or consult with a financial advisor before making investment decisions.*
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Hello Traders, Follow Us for Daily Updates -- Email - Gloabltradehub@gmail.com ---Contact - +91 93555 50303 ---
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.