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Broad market indices like Nifty Midcap and Smallcap indices may continue to underperform for the coming few weeks before they resume their uptrend.

Hot Stocks | Axis Bank, GSFC, AMI Organics may deliver at least 10% in short term

The prevailing sentiment remains optimistic in the Nifty50, contingent on Put writers safeguarding the 19,900 levels.

Hot Stocks | Axis Bank, Bank of India, NOCIL can give up to 35% return in short term, here's why

Axis Bank Ltd is up for a fifth straight session today. The stock is quoting at Rs 1009.8, up 0.89% on the day as on 12:39 IST on the NSE. The benchmark NIFTY is up around 0.26% on the day, quoting at 20044.4. The Sensex is at 67427.32, up 0.31%. Axis Bank Ltd has gained around 7.43% in last one month. Meanwhile, Nifty Bank index of which Axis Bank Ltd is a constituent, has gained around 3.58% in last one month and is currently quoting at 45511.35, up 0.35% on the day. The volume in the stock stood at 56.73 lakh shares today, compared to the daily average of 96.18 lakh shares in last one month. The benchmark September futures contract for the stock is quoting at Rs 1013.8, up 0.9% on the day. Axis Bank Ltd is up 25.75% in last one year as compared to a 11.33% jump in NIFTY and a 10.3% jump in the Nifty Bank index.The PE of the stock is 14.23 based on TTM earnings ending June 23.

Axis Bank Ltd spurts 0.89%, gains for five straight sessions

Axis Bank has allotted 3,82,301 equity shares under ESOS on 12 September 2023. The paid up share capital of the Bank has accordingly increased from Rs. 616,21,75,096 (308,10,87,548 equity shares of Rs. 2each) to Rs. 616,29,39,698 (308,14,69,849 equity shares of Rs. 2each). 

Axis Bank allots 3.82 lakh equity shares under ESOS 

While all sectors are contributing to the momentum, the performance of select sectors will be pivotal in ensuring a sustained upward trajectory.

With Nifty at 20k, this sector enjoys maximum bullishness; Stocks to sustain gains

The next targets for the Nifty50 to watch out for would be 20,500-21,000 in the short term, considering the strong momentum sustained through the last seven sessions with participation from bank and IT stocks

Nifty scales Summit 20,000: 10 best bets for double-digit returns as bulls keep up the rally

The average attrition/ turnover rate for private banks is around 36 percent for FY23 and has risen by 400 bps YoY.

Staff churn rises for banks, may impact productivity: Jefferies

Banking and finance firms were the stars of the Q1 results season, and the optimism is reflected in Moneycontrol’s Analyst Call Tracker for August.

Analyst Call Tracker: Banking, finance firms remain Street favourites as IT pain persists

It has a target price of Rs 1,175 for the stock, which represents a potential upside of over 19 percent from its current level of Rs 982.

Motilal Oswal reiterates ‘buy’ rating for Axis Bank; sees 19% upside

Motilal Oswal is bullish on Axis Bank recommended buy rating on the stock with a target price of Rs 1175 in its research report dated September 01, 2023.

Buy Axis Bank; target of Rs 1175: Motilal Oswal

Axis Bank Ltd. engages in the provision of financial solutions to retail, small and medium enterprises, government, and corporate businesses. It operates through the following segments: Treasury, Retail Banking, Corporate or Wholesale Banking, and Other Banking Business. The Treasury segment includes investments in sovereign and corporate debt, equity and mutual funds, trading operations, derivative trading and foreign exchange operations on the proprietary account and for customers and central funding. The Retail Banking segment constitutes lending to individuals or small businesses subject to the orientation, product and granularity criterion and also includes low value individual exposures not exceeding the threshold limit. It also covers liability products, card services, internet banking, ATM services, depository, financial advisory services and NRI services. The Corporate or Wholesale Banking segment involves in corporate relationships, advisory services, placements and syndication, management of public issue, project appraisals, capital market related and cash management services. The Other Banking Business segment encompasses para banking activities such as third party product distribution and other banking transactions. The company was founded on December 3, 1993 and is headquartered in Mumbai, India.

Watchers	5,603
52-Wk Low	711.00
52-Wk High	1,047.50

Market Cap	3.16T
Volume (M)	3.09M
52-Wk High	1,047.50
52-Wk Low	711.00

AXISBANK.NSE Axis Bank Ltd

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