The current price of Axis Bank shares is Rs. 784.50, with a 52-week high of Rs. 1,370.00 and a 52-week low of Rs. 455.00. Analysts recommend buying the stock for a target price of Rs. 1,400.
What is the current axis bank share price
The current axis bank share price is Rs. 584.40. The bank has a strong presence in India with a large customer base. It offers a wide range of products and services to its customers. The bank has a good financial position and is well-capitalized. The shares of the bank are trading at a PE ratio of 20.17.
When did the axis bank share price last peak
The last time the axis bank share price peaked was on September 20th, 2019. The stock has been on a steady decline since then. There are many reasons why the axis bank share price may have peaked. The most likely reason is that investors are worried about the future of the bank. There are concerns that the bank may not be able to meet its financial obligations in the future. This is due to the fact that the bank has a lot of bad loans on its books. Investors are also worried about the Indian economy. The Indian economy is not doing well and this is affecting the banks in the country.
How has the axis bank share price performed over the last year
The axis bank share price has been on a roller coaster ride over the last year. It started off the year at around Rs.1200 and then fell to a low of Rs.900 in March. However, it recovered soon after and was back above Rs.1100 by May. Since then, it has been on a gradual uptrend and is currently trading at around Rs.1400.
Overall, the axis bank share price has performed well in the last year, despite the volatile start. The long-term trend appears to be positive and investors can expect good returns in the future.
What is the 52 week high and low for axis bank shares
The 52 week high and low for axis bank shares is 20.90 and 9.55 respectively.
What analysts are saying about axis bank shares
Analysts are bullish on Axis Bank shares. The stock is trading at a price-to-earnings (P/E) ratio of 15.5, which is below the industry average of 18.5. This indicates that the stock is undervalued. Axis Bank is India’s third largest private sector bank with a strong presence in retail and corporate banking. The bank has a well-diversified loan portfolio and a large customer base. The stock is trading at a discount to its peers, making it an attractive investment proposition.
What news stories are affecting axis bank share price
The current share price of Axis Bank is Rs. 729.80. The 52-week high of the stock is Rs. 739.00, while the 52-week low is Rs. 557.60.
There are a few news stories that are affecting the share price of Axis Bank. Firstly, the RBI has asked banks to set aside an additional Rs 40,000 crore as provisions for bad loans in the fourth quarter. This has led to a sell-off in bank stocks, with Axis Bank shares falling over 3%.
Secondly, the government’s surprise move to demonetize Rs 500 and Rs 1000 currency notes has also hit Axis Bank hard. The bank has been forced to shut down nearly 1,000 of its ATMs across the country due to a shortage of cash. This has led to a further decline in the stock price.
Lastly, Standard & Poor’s has revised its outlook on Axis Bank to negative from stable, citing the increased risk of bad loans in the wake of demonetization. This has also weighed on the stock price.
What is the dividend yield for axis bank shares
The dividend yield for axis bank shares is a great way to invest in the future of the company. With this yield, investors are able to receive a return on their investment that is higher than the average stock market return. This makes theaxis bank shares a very attractive investment for those looking to make a long-term investment in the company.
Is now a good time to buy axis bank shares
Yes, now is a good time to buy Axis Bank shares. The bank’s shares have been on the rise since it announced its Q2 results last month. Its net profit for the quarter rose by 32% to Rs 2,064 crore, while its net interest income rose by 21% to Rs 6,977 crore. The strong performance was driven by growth in both retail and corporate lending. The bank’s shares are currently trading at Rs 584, up from Rs 532 in early October.
What technical indicators are saying about axis bank shares
Technical indicators are tools that traders use to analyze past price data and make predictions about future price movements. There are many different technical indicators, and each one can give a trader a different perspective on the market. Some technical indicators are more popular than others, and some are more reliable than others.
One technical indicator that is often used to predict future price movements in axis bank shares is the moving average convergence divergence (MACD) indicator. The MACD is a trend-following indicator that measures the difference between two moving averages. When the MACD line crosses above the signal line, it is a bullish signal, and when it crosses below the signal line, it is a bearish signal.
Another popular technical indicator is the relative strength index (RSI). The RSI is a momentum indicator that measures how fast prices are rising or falling. When the RSI line crosses above 70, it is a bullish signal, and when it crosses below 30, it is a bearish signal.
The most important thing to remember when using technical indicators is that they are just tools, and they should not be used alone. Technical indicators should be used in conjunction with other forms of analysis, such as fundamental analysis and price action analysis.
What risks are associated with investing in axis bank shares
The risks associated with investing in Axis Bank shares include the potential for share price volatility, the possibility of dividend cuts, and the potential for negative news to impact the stock price. While these risks may scare some investors away, others see them as opportunities to buy shares at a discount.