Axis Bank ltd Share Price

Axis Bank is one of the largest private-sector banks in India. The bank offers a wide range of financial products such as home loans, personal loans,mutual funds, credit cards, among others to individuals, MSME,corporates,agriculture and retail businesses


Axis Bank is one of the largest private-sector banks in India, and is known for its extensive range of financial products.

Market Capitalisation

The market capitalisation of Axis Bank, as of early March 2018, is more than Rs.1,34,800 crore.

Company’s Wealth and Recent Performance

Axis Bank Q1 FY 2018-19 Results
  • India’s third-biggest private bank by assets posted a 46% drop in profit as its bad loans continued to incline.
  • The net profit for the said period declined to Rs.701.09 crore as against Rs.1,306 crore reported in the same period last fiscal.
  • However, the lender’s total income rose to Rs.15,702.01 crore for the said quarter of the current financial year as compared to Rs.14,052.30 crore reported for the same period last fiscal.
  • The bank’s asset quality declined as gross Non-Performing Assets (NPAs) rose to 6.52% as of June 2018 as against 5.03% for the quarter ending June 2017.
  • Its net NPAs or bad loans also rose to 3.09% of advances furnished for the quarter ending June 2018 compared to 2.30% last year.
Axis Bank Q4 FY 2017-18 Results
  • The bank reported its first-ever loss since listings at Rs.2,188.74 crore for the said quarter as compared to Rs.1,225.10 crore reported during the same period last year.
  • It witnessed its provisions and contingencies moving upwards threefold to Rs.7,179.53 crore as against Rs.2,581.25 crore last fiscal for the same period.
  • Its asset quality was disappointing with the percentage of gross non-performing assets inclining to 6.77% from 5.04% in 2016-17.
  • The net NPAs also increased to 3.40% compared to 2.11% on a year-on-year basis. The net interest income of the bank remained nearly flat at Rs.4,731 crore during the said quarter, while its net margin stood at 3.33%.
  • The bank reported a 97.74% year-on-year decline in net profit to Rs.121.57 crore as compared to Rs.5,467.56 crore last year.
Axis Bank Annual Report 2017-18
  • Axis Bank posted an increase of 15% in total assets which stood at Rs.6,91,330 crore year-on-year.
  • Its total deposits also inclined by 9% year-on-year to stand at Rs.4,53,623 crore and its total advances stood at Rs.4,39,650 crore, up by 18% year-on-year.
  • The bank reported that its total income grew by 1% to stand at Rs.56,747 crore year-on-year, while its net interest income increased by 3% to stand at Rs.18,618 crore year-on-year.
Axis Bank Q3 FY 2017-18 Results
  • Axis Bank in its third quarter report for the financial year 2017-18 disclosed a strong performance. Net profit for the quarter was reported to be at Rs.726 crore - a 25% increase over the same quarter last year and a 68% increase over the Q2 FY18. This was backed by a 9% increase in net interest income to Rs.4,732 crore in the third quarter.
  • Similarly, the bank’s balance sheet also grew by 11% over the same period last year to Rs.6,43,938 crore. Advances in the same period grew to Rs.4,20,923 crore, whereas retail loans grew to Rs.1,93,295 crore. A similar growth was also recorded in advances in small to medium-sized enterprise segment and corporate segment. A substantial growth in retail fees income was also recorded, which constituted almost half of the total fee income.
  • CASA (current account and savings account ratio) increased by 21% over the Q3 FY17 on a cumulative average daily basis.
  • Considering the asset quality of the bank, gross NPA (non-performing asset) for the third quarter reduced to 5.28% from 5.90% in the September quarter. A subsequent decline was also observed in the net NPA count, to 2.56% from 3.12% in the same period.
  • Axis Bank’s annualised return on equity (ROE) increased to 5.52% for the third quarter, while the tally for the 9M FY18 is 6.38%.
  • During the December quarter, the lender also added 105 new branches across the country to improve its reach. Furthermore, Axis Bank also reported a significant growth across digital channels. Volumes in mobile banking transaction rose exponentially by more than 200% YOY, while credit card usage grew by 59% over the same period last year. It is also worth mentioning that Axis Bank’s share in UPI (Unified Payment Interface) transactions in the country is among the highest.
Axis Bank Stock Trends in 2018
  • The Axis Bank share price on the 1st of January 2018 stood at Rs.565.50 and gained nearly 60 points to stand at Rs.620.10 on the 23rd before declining to end the month at Rs.593.60.
  • On the 1st of February, the stock ended the day’s trading at Rs.592.80 and began declining significantly to lose more than 60 points to stand at Rs.530.25 on the 22nd. and It dropped further by the end of the month to close at Rs.528.75.
  • The private bank’s share lost 3 points on the 1st of March to end the day at Rs.525.75. It and dipped further to be valued at Rs.505.35 on the 9th before gaining more than 5 points to end the month at Rs.510.50.
  • The scrip lost more than 11 points on the 2nd of April to stand at Rs.499.05; however, it rose by more than 48 points to stand at Rs.548.75 on the 12th only to decline to end at Rs.493.75 on the 26th. It ended the month at Rs.517.30.
  • When the stock market opened for trading on the 2nd of May, the stock closed at Rs.523.75 and gained about 20 points to end the month at Rs.545.90.
  • The scrip lost about 10 points on the 1st of June to end the day at Rs.536.65 but lost points towards the end of the month to close at Rs.510.80.
  • On the 2nd of July, the Axis Bank share improved by nearly 2 points to stand at Rs.512.25 and by the end of the month, the scrip grew upwards to end the month at Rs.550.40.
  • In the month of August, the bank’s stock inclined significantly to begin the month at Rs.545.15 and closed the month at Rs.649.25.

Axis Bank Stock Performance in 2016 and 2017

  • Axis Bank share price at the start of 2016 was close to Rs.400 on NSE and BSE. However, by the middle of the month, the stock price had fallen dramatically and shares being traded at less than aforementioned amount. However, following a decent performance in Q3 FY16, the share price soared by nearly 5% to cross Rs.400 again.
  • This rise was soon followed by a fall but the share price managed to find some stability around Rs.400. In early February, Axis Bank reappointed V. Srinivasan as the Deputy Managing Director - a decision that didn’t do much to boost investors’ confidence. Over the next couple of weeks, the stock price took another tumble and as a result, the shares were being traded at less than Rs.400 by the end of the month.
  • By early March, the stock price of Axis Bank had recovered once again on NSE and BSE, owing to the lender’s decision to purchase 4.99% stake in Max Life Insurance. This was followed by the allotment of more than 4.5 million shares which gave the stock price a steady heading. By the end of the month, the stock price was close to Rs.430.
  • In April, the bank moved to the marginal cost of fund based lending rate (MCLR) system. By the end of the month, Axis Bank stocks had gained momentum owing to an expected boost in Q4 FY16 numbers. However, according to the actual Q4 numbers, a slight dip was reported in the profit. However, this didn’t affect the share price dramatically and it still continued to be around Rs.460.
  • The month of May saw the share price move towards Rs.500. In fact, in the final week of May, the share price had crossed Rs.500.
  • By early June, the SENSEX listed stock had touched Rs.540 on the back of regular updates and allotment of equity shares under ESOP. The bank also listed Asia’s first certified Green Bond on London Stock Exchange. However, the share price took a slight dip on weak global cues. As a result, the price remained close to Rs.510 throughout the month.
  • In early July, a dividend of 250% was announced by the lender. This was followed with the allotment of shares under ESOP scheme and a cut in MCLR and base rate. While these events took the share price close to Rs.570, a weak performance in Q1 FY17 brought the price down by roughly 4%.
  • By the end of August, Axis bank stock price had touched Rs.600. This may have been driven primarily by the appointment of director, and ànother cut in MCLR. In early September, the stock price crossed Rs.600 but failed to find stability. As a result, by the end of the month, the share price was once again down to Rs.550.
  • The share price took another dive in late October owing to a poor performance in the second quarter. Up until that point, the stock price was around Rs.520 but after the results were announced, the price went down to Rs.490. There were no major gains in the month of November. The share price of Axis Bank kept fluctuating and stayed above Rs.450.
  • The stock price in December took another nosedive and the closing price at the end of the year was Rs.449.
  • In January 2017, the stock price started to show signs of recovery. However, owing to a poor performance in the third quarter, the share price plunged once again. Nonetheless, by early February, the price moved up once again on the back of strong global cues. The share price by the end of the month had crossed Rs.500.
  • The months of March and April saw the markets trying to sustain this growth. Apart from a couple of minor dips, the stock price managed to stay around Rs.500.
  • In May, Axis Bank slashed home loan rates by 0.30%, which, in addition to the regular updates, kept the stock price above Rs.500. This was approximately the case in June as well.
  • In July, the lender announced the final dividend of 250% which led to a surge in the stock price. However, this was followed by another dip and as a result, by mid-August, the shares were once again being traded at less than Rs.500 on NSE and BSE. Nevertheless, the stock price recovered and cross the 500 benchmark again.
  • Until late October, the stock price remained on a similar wavelength. However, following the announcement of results for the September quarter, the price tanked owing to blunder pertaining to NPA. After this dramatic fall, the share price started to rise again and by early November, the stocks had gained considerably. In a matter of 10 days, Axis Bank share price went from Rs.452 to Rs.535.
  • Through November and December, the stock price stayed above Rs.530. The reappointment of Shikha Sharma as the Managing Director and CEO of the bank helped the stocks gain momentum. The closing price at the end of the year Rs.563.

Should you invest in Axis Bank?

  • Over the course of the last couple of years, private sector banks have not only done exceptionally well but they have also outperformed public sector banks. This statement is particularly true in the case of non-performing assets, which the private banks have handled superbly. Their net NPA and gross NPA counts are far better than that of PSBs which, in turn, speaks of their asset quality.
  • Axis Bank is one of the leading private sector banks in the country that has been quick to establish a strong foothold in the Indian market. The NIFTY bank was founded in 1993 and since then, it has grown to become the third largest private bank in India.
  • The company’s fundamentals have been strengthened ever since the appointment of Shikha Sharma as the new CEO. The acquisition of FreeCharge, consistent loan growth, and an improvement in asset quality are clear indicators that the company is heading in the right direction.
  • From a long term perspective, investing in Axis Bank stocks may appear to be a good idea. However, it is advisable to perform your own research before investing.

Company Information

Axis Bank is a privately-owned banking and financial institution in India that offers a wide range of products and services such as home loans, personal loans, mutual funds, credit cards, et cetera. Their financial services cover a broad spectrum of customers, ranging from individuals to corporates, MSME, agriculture, and retail businesses.

As of December 2017, the bank is present in more than 1,900 cities and towns, servings its customers through 3,500 plus branches and 14,000 ATMs. The bank has a strong presence in the international market as well, with its branches present in Singapore, Hong Kong, Abu Dhabi, Dubai, et cetera.

History of the Company

Axis Bank Limited was set up in 1993 under the purview of Unit Trust of India (UTI). The bank began its operations in 1994 after the Government of India allowed for private banks to be set up. It was backed jointly by UTI - one of the largest financial institutions in the country, in addition to Life Insurance Corporation of India (LIC), National Insurance Company, General Insurance Corporation and its subsidiaries.

Over the years, the bank expanded its operations in the country with the focus on retail and corporate banking. In 2007, UTI rebranded itself as Axis Bank. This was followed by the bank setting up offices in other countries like China, UAE, Sri Lanka and the United Kingdom.


Shikha Sharma - CEO & Managing Director

Mrs. Sharma has been in the banking industry for more than 30 years during which time, she held several positions and served in various capacities. Prior to joining Axis Bank in 2009, she worked with ICICI Bank for 29 years. During her term with the ICICI Group, she played a crucial role in establishing ICICI Securities, in addition to expanding their investment banking and retail finance capabilities. Her last stint at ICICI was as the MD & CEO of ICICI Prudential Life Insurance Company. At Axis Bank, Mrs. Sharma has laid emphasis on solidifying the bank’s performance in investment banking space, along with building an extensive portfolio of items in payments sector.

She has received many awards, the most notable of which is the ‘Banker of the Year’ for 2014-15 by Business Standard.

Prasad Menon - Director

Mr. Prasad holds a degree in Chemical Engineering from the Indian Institute of Technology, Kharagpur. He has been in the power and chemical industry for more than 40 years and in that time, he has worked with some of the leading companies in the country. In October 2000, he became the Managing Director of Tata Chemicals and during his tenure there, he paved way for merger and acquisition of Bruner Mond, Magadi Soda and IMACID.

Axis Bank Listings and Stock Indices

Axis Bank stocks are listed on National Stock Exchange of India Limited (NSE) and Bombay Stock Exchange (BSE), where they are bought and sold by investors. Axis Bank shares can also be found on the international market, and they are listed on the London Stock Exchange.

BSE Code - 532215


ISIN - INE238A01034

Sector - Banks, Private Sector

Considering that Axis Bank is one of the largest private financial institutions in the country, it comes as no surprise to see it listed on two major stock market indices - BSE SENSEX and NIFTY 50.

In addition to this, Axis Bank also comprises other indices like S&P BSE 100, S&P BSE Bankex, S&P BSE LargeCap, et cetera.


Corporate Office

Axis Bank Limited

‘Axis House’, C-2, Wadia International Centre

Pandurang Budhkar Marg,

Worli, Mumbai - 400-025

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