Business Business:Today 29th November at 11:09 am, Axis Bank�Axis Bank�के Shares are trading at a price of ₹1136.25, up 0.33% from the previous close. Sensex is trading at ₹79781.99, higher by 0.93%. The stock hit a high of ₹1139 and a low of ₹1127.95 during the day. minimum level Has touched. On the technical front, the stock is trading below short term simple moving averages of 5, 10, 20 days as well as long term moving averages of 50, 100 and 300 days. The SMA values for the stock are given below:
day simple moving average
5 1143.30
10 1145.37
20 1155.51
50 1181.95
100 1194.28
300 1154.89
Classic Pivot Level analysis shows that on the daily time frame, the stock has key resistances at ₹1148.23, ₹1163.87, and ₹1173.28, while it has key support levels at ₹1123.18, ₹1113.77, and ₹1098.13.
Axis Bank Share Price Today
As of 11am today, the traded volume for Axis Bank on NSE and BSE was down -31.44% compared to the previous trading session. Volume traded along with price is an important indicator to study trends. Positive price movement with high volume indicates a sustained uptrend, and negative price movement with high volume may indicate further decline in prices.
Overall, according to Mint technical analysis, the stock is currently experiencing a strong downtrend.
From the fundamental analysis point of view, the company's ROE is 18.40% and ROA is 1.85% respectively. The stock's current P/E is 12.61 and P/B is 2.03.
The stock has an estimated 1-year average upside of 20.40%, with a target price of ₹1368.00. The company has 0.00% promoter holding, 25.60% MF holding and 51.77% FII holding, as per September quarter filing.
MF holding has increased from 23.98% in June to 25.60% in the September quarter.
FII holding has declined from 53.42% in June to 51.77% in the September quarter.
Axis Bank shares are trading 0.33% higher at ₹1136.25 today, while its rivals are mixed. Its rivals like State Bank of India, Bank of Baroda are falling today, but its rivals ICICI Bank, Kotak Mahindra Bank are rising. Overall, benchmark indices Nifty and Sensex rose 0.88% and 0.93% respectively.
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