Price & Technical Structure
- The stock has shown positive short-term returns, with a 1-day return of 0.7% and a 1-month return of 8.35%.
- The trend is bullish, indicated by a positive score of 3 and the price trading above the 50-day EMA.
- Momentum is strong, with an RSI of 64.22 and a bullish MACD signal.
- Volatility remains within expected ranges, with the price positioned at 80.05% of the Bollinger band width.
- The stock is trading 3.11% below its 52-week high and has experienced a maximum drawdown of -17.23% over the past year.
The stock exhibits a bullish technical profile, characterized by positive short-term returns, a strong uptrend supported by EMAs, and robust momentum as indicated by RSI and MACD. While volatility is present, the price remains within the Bollinger Bands. The stock is positioned below its 52-week high, suggesting potential for further upside, and its historical drawdown indicates resilience.
Weekly Momentum
- The stock saw a slight upward price movement of 0.11% this week, closing at 1357.8, driven by positive technical indicators and ongoing analyst interest in the financial sector.
- Technical indicators remain positive, with the stock trading above its 50-day and 200-day moving averages, suggesting a generally positive trend over the medium to long term.
- Trading volume decreased significantly by 30.37% WoW, indicating lower trading activity despite the positive price trend.
- The bank announced a board meeting on July 18, 2026, to approve Q1 FY27 results, with a trading window closure from July 1-20.
- Analysts maintain a positive outlook on the financial sector, with Macquarie favoring private banks and IIFL Capital projecting earnings upgrades for large NBFCs.
Axis Bank's stock is in a positive trend, supported by technical indicators and a favorable outlook for the financial sector. However, a significant decrease in trading volume this week suggests waning investor interest or a pause before further movement. Upcoming Q1 FY27 results and continued analyst commentary on the sector will be key factors to monitor.
Quarterly Analysis
Income rose to ₹41,142.69 Cr (+0.597% QoQ, +2.96% YoY), indicating stable top-line performance.
Profitability faced pressure, with Segment Profit Before Tax declining 22.7% QoQ and 26.8% YoY, despite stable Income.
Other Income decreased 3.03% QoQ and 7.11% YoY, impacting overall revenue generation.
Asset quality showed improvement, as the Percentage of Gross NPA declined 12.1% QoQ.
Tax Expense saw a significant reduction of 117.0% QoQ, notably impacting the bottom line.
Profitability declined significantly despite modest revenue growth, indicating margin pressure driven by a decrease in Segment Profit Before Tax and Other Income. This was partially offset by a substantial reduction in Tax Expense and an improvement in asset quality.
Income for the quarter was ₹41,142.69 Crores. This represents a modest increase of 0.597% from the previous quarter and a 2.96% increase from the same quarter last year. This indicates stable top-line performance.
Profitability was impacted by a decline in Segment Profit Before Tax. This metric was ₹7,247.19 Crores for the quarter, a decrease of 22.7% from the previous quarter and 26.8% from the same quarter last year. This decline in Segment Profit Before Tax indicates pressure on profitability.
Other Income was ₹6,971.70 Crores. This was a decrease of 3.03% compared to the previous quarter and a 7.11% decrease year-on-year. The decline in Other Income contributed to the pressure on profitability.
Asset quality metrics showed improvement. The Percentage of Gross NPA stood at 0.0123 Unit less as of March 31, 2026. This is a decrease of 12.1% from the previous quarter and 3.91% from the same quarter last year. The Percentage of NPA was 0.0037 Unit less as of March 31, 2026, down 11.9% from the previous quarter.
Tax Expense for the quarter was ₹-384.53 Crores. This represents a significant decrease of 117.0% compared to the previous quarter and 116.0% compared to the same quarter last year. This reduction in Tax Expense notably impacted the bottom line positively.