Stock of Interest

Posted On: September 13, 2023

Stock Report: AXISBANK(NSE) 12 Sep 2023

Axis Bank Ltd is a full-service bank operating mostly in India. The bank operates under four segments: treasury, corporate/wholesale banking, retail banking, and other banking. Treasury operations include security investments and derivative trading. Corporate/wholesale banking solutions include mid/large corporate relationships, corporate advisory, project appraisals, and syndication. Retail banking solutions include lending to individual/small businesses, savings accounts, debit and credit cards, ATMs and mobile banking, personal loans. Other banking operations include third-party product distribution and other banking transactions. A plurality of the bank’s loan and advances comes from its corporate customers, while a plurality of its fee income comes from its retail customers. 

#xCalData predicts that AXISBANK will continue its bullish phase over the next five days and trend within the range of 983 to 1030.   

In comparison to the previous month, the price of the stock has experienced an increase of 6.51% indicating a bullish.  

The Stock has doubled once since 14 Dec 2015 and took an average of 6.8 years to double. 

The stock has shown seasonality trend in the past. 

Reviewing the returns for the past 5 years for the same week, we see the stock has given negative returns in 1 years in the past. 

Majority of the technical ratios trend towards Bullish side of the spectrum. Only some of the technical indicators namely Relative Strength indicate Bearish view. 

Collectively, xCalData suggests the stock would be in Bullish zone for next 5 days. 

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