Businesss Business:Today 08 November at 12:00, Axis Bank�Axis Bank�Shares of are trading at a price of ₹1153.9, which is -0.59% lower than the previous closing price. Sensex is trading at ₹79349.72, down -0.24%. The stock touched a high of ₹1165.05 and a low of ₹1151.4 during the day.
On the technical front, the stock is trading above 300 day SMA and below 5,10,20,50,100 day SMA. The stock will find support at 300 day SMA and face resistance at 5,10,20,50,100 day SMA. The SMA values for the stock are given below:
day simple moving average
5 1162.08
10 1168.32
20 1168.75
50 1189.16
100 1204.53
300 1150.82
Classic pivot level analysis shows that on the daily time frame, the stock has key resistances at ₹1172.92, ₹1183.83, and ₹1194.77, while it has key support levels at ₹1151.07, ₹1140.13, and ₹1129.22.
axis bank share price today
As of 12am today, the traded volume for Axis Bank on NSE and BSE was down -52.45% 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's continued decline suggests a bearish trend is underway.
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 12.91 and P/B is 2.08.
The average 1-year forecasted upside for this stock is 18.47%, with a target price of ₹1367.00. The company has 0.00% promoter holding, 4.79% MF holding and 51.77% FII holding, as per September quarter filing.
MF holding has declined from 4.91% in June to 4.79% in the September quarter.
FII holding has declined from 53.42% in June to 51.77% in the September quarter.
Axis Bank share price is trading -0.59% lower at ₹1153.9 today, while its rivals are mixed. Its rivals like ICICI Bank, State Bank of India, Bank of Baroda are falling today, but its rival Kotak Mahindra Bank is rising. Overall, benchmark indices Nifty and Sensex are down -0.24% and -0.24% respectively.
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