Axis Bank shares witnessed decline of 0.83% in trade on February 22, 2025 on Bombay Stock Exchange. Last trading price of the bank stock on BSE stood at Rs 1008.60 per share. Meanwhile, leading brokerage firm reaffirmed buy call for the stock with target price of Rs 1230 as the analyst anticipates the stock to deliver healthy Return on Asset/Return on Equity. The market capitalisation of the bank is Rs 3,12,292.76 crore while return on equity is 16.02%.

The private outperformed Sensex, BSE BANKEX index, and BSE Financial Services Index in last 1 month period as shares zoomed 4.01%. Meanwhile, during the same period, Sensex declined 0.70%, BSE BANKEX index gained 1.27%, and BSE Financial Services Index soared marginally by 0.41%, respectively. Check more details below:

Axis Bank Poised To Deliver Healthy RoA/RoE, Buy Recommended: Nomura

Axis Bank Shares Performance

The 52-week high price of Axis Bank shares on BSE stood at Rs 1,339.55 apiece (as on 12/07/2024) and 52-week low price is Rs 934.00 per share (as on 27/01/2024), respectively. In last 6-months, Axis Bank shares declined by 14.19%, slipped 6.97% in last 1-year, and rallied 19.50% in last 2-years. The stock soared 27.88% in last 3-years and jumped 35.57% in last 5-years. The stock delivered highest returns of 79.82% in last 10-years. In the same period, Sensex jumped 157.64%.

Why Axis Bank Shares Dropped 24.71% In Last 6-Months?

It is worth mentioning here that Axis Bank shares saw steep decline of 24.71% from 52-week high price of Rs 1,339.55 per share, if yesterday’s last trading price of Rs 1008.60 is considered.

According to Nomura, the decline in the bank’s shares triggered by its muted delivery on loan and deposit growth. “Axis’ recent underperformance has been largely driven by muted delivery on loan and deposit growth, and slight softness in asset quality versus peers. Deposit mobilisation has been challenging in the current liquidity scenario, which has impacted loan growth,” added the brokerage firm.

Should You Buy Axis Bank Shares At Discount of 24.71%?

Brokerage firm Nomura maintained bullish view on the stock and anticipates the stock rising. The analyst has recommended buy call with target price of Rs 1230 per share. According to the analyst, “we find the current valuation inexpensive for an entity poised to deliver healthy RoA/RoE (return on assets/return on equity).”

Axis Bank Dividend History

The private sector bank recommended a total of 19 dividends since June 9, 2003. In last 1-year, it recommended an equity dividend amounting to Re 1.00 per share. It offers a dividend yield of 0.10%, according to Trendlyne.

Axis Bank Bonus Share History

The bank never recommended any bonus share so far.

Axis Bank Stock Split History

Axis Bank split/sub-divided the face value of its share once since July 28, 2014. It last split the face value of its shares from Rs 10 to Rs 2 in 2014. The share traded ex-split on July 28, 2014.

Shareholding

Mutual Funds increased holdings from 25.60% to 29.03% for December 2024 quarter. Number of MF schemes increased from 37 to 38 for December 2024 quarter. FII/FPI have decreased holdings from 51.78% to 47.32% for December 2024 quarter.

Disclaimer: The stock has been picked from the brokerage report of Nomura. Moneydaily.in, the author, and the respective brokerage house will not be held accountable for any losses caused as a result of decisions based on the article. Moneydaily.in advises readers to do their own research or consult a SEBI registered investment advisor before making any investment decisions.