AXISBANK

Fundamental of AXIS BANK- Axis Bank is India’s 3rd largest private sector bank, offering services across retail, corporate, and SME segments. The bank maintains a healthy capital adequacy ratio of 17.6% and ROE of 18.3%. Its CASA ratio stands at 44.4%, reflecting strong low-cost deposit mobilization. The strategic acquisition of Citibank’s India consumer business has enhanced its retail presence. With increasing focus on digital banking and retail lending, Axis Bank is well-positioned for long-term growth. Net Profit: ₹25,719 Cr (↑115% YoY) Net Interest Income (NII): ₹51,732 Cr (↑11% YoY) NIM: 4.06% | CASA Ratio: 44.4% Technical View of AXIS BANK- As seen on the daily chart of Axis Bank (Cash Segment), the stock appears to be moving independently, unaffected by broader market sentiments. During early May 2025, it traded in a narrow range with flat movement. On May 26, 2025, it made a high of ₹1224.20 but failed to sustain the rally and entered a correction phase. On June 5, the stock hit a low of ₹1175 but held firmly above its 200-day EMA, using it as strong support. A significant reversal occurred on June 6, the day of the RBI policy announcement, when Axis Bank touched a low of ₹1151.90 (near the 200-day EMA) and rallied sharply, closing above the 14-day EMA. Since then, the stock has shown a consistent buying trend and recently touched a high of ₹1241.60. Over the past three trading sessions, it has been taking strong support at the 14-day EMA (₹1195). Today, the stock opened at ₹1215.80, made a low of ₹1211.30 and a high of ₹1227.00, before closing at ₹1215.10. The chart indicates the stock is showing resilience to geopolitical tensions and war-related news. If any positive news emerges for Indian markets, Axis Bank could quickly regain upward momentum. View: Buy-on-dips strategy is recommended with short-term support around ₹1190 and potential upside towards ₹1250.