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Axis Bank is on the analysts’ radar after an 18% run-up in the last three months.
At the time of writing, Axis Bank shares were trading at ₹1,220.2.
SEBI-registered analyst Deepak Pal said Axis Bank is among India’s top three private sector banks, highlighting its capital adequacy ratio of 17.6% and return on equity of 18.3%.
He said the bank’s CASA ratio stands at 44.4% and noted its acquisition of Citibank India’s consumer business has improved its retail presence.
On the technical side, Pal said the stock rebounded from ₹1,151.90 on June 6, the day of the RBI policy, and has shown consistent buying since.
He noted that over the past three sessions, it has taken support at the 14-day Exponential Moving Average near ₹1,195.
Pal said the chart shows the stock is moving independently of broader market sentiment and is showing resilience to geopolitical developments.
He recommended a buy-on-dips approach, identifying support near ₹1,175 and a potential upside towards ₹1,250.
Axis Bank reported a net profit of ₹25,719 crore and net interest income of ₹51,732 crore, with a net interest margin of 4.06% in its fourth quarter (Q4FY25).
Meanwhile, gross and net Non-Performing Asset ratios stood at 1.43% and 0.31%, respectively, with provision coverage above 75%.
In other news, the lender said it allotted 3.12 lakh equity shares under its ESOP and RSU schemes, increasing its paid-up capital to ₹6,202 crore.
On Stocktwits, retail sentiment was ‘bullish’ amid ‘normal’ message volume.
The stock has risen 13.9% so far in 2025.
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