AXISBANK - Swing Trade Analysis with AI Signals
Back to ListSwing Trade Rating: 4.1
| Stock Code | AXISBANK | Market Cap | 4,15,834 Cr. | Current Price | 1,338 ₹ | High / Low | 1,418 ₹ |
| Stock P/E | 17.0 | Book Value | 634 ₹ | Dividend Yield | 0.07 % | ROCE | 6.95 % |
| ROE | 16.0 % | Face Value | 2.00 ₹ | DMA 50 | 1,281 ₹ | DMA 200 | 1,203 ₹ |
| Chg in FII Hold | 0.69 % | Chg in DII Hold | -0.22 % | PAT Qtr | 6,490 Cr. | PAT Prev Qtr | 5,090 Cr. |
| RSI | 56.9 | MACD | 20.8 | Volume | 68,48,161 | Avg Vol 1Wk | 1,01,51,428 |
| Low price | 978 ₹ | High price | 1,418 ₹ | PEG Ratio | 0.64 | Debt to equity | 7.52 |
| 52w Index | 81.8 % | Qtr Profit Var | 2.95 % | EPS | 79.0 ₹ | Industry PE | 15.8 |
📊 AXISBANK (₹1,338) shows a favorable setup for swing trading. The stock is trading above both its 50 DMA (₹1,281) and 200 DMA (₹1,203), supported by positive MACD (20.8) and neutral RSI (56.9), indicating steady momentum. Fundamentals are reasonable with P/E at 17.0, close to industry average (15.8), and strong ROE (16%). Quarterly PAT growth (₹6,490 Cr. vs ₹5,090 Cr.) adds support, though ROCE is modest at 6.95% and debt-to-equity is high (7.52). Overall, the technicals suggest near-term upside potential.
💡 Optimal Entry Price: ₹1,300–₹1,320 (near support zone).
💡 Exit Strategy: If already holding, consider booking profits near ₹1,390–₹1,410 unless momentum strengthens further.
✅ Positive
- Trading above both 50 DMA and 200 DMA, showing bullish trend.
- Quarterly PAT growth from ₹5,090 Cr. to ₹6,490 Cr.
- ROE at 16% indicates efficient equity utilization.
- FII holdings increased (+0.69%), showing foreign investor confidence.
⚠️ Limitation
- ROCE relatively low at 6.95%, limiting operational efficiency.
- Debt-to-equity ratio high at 7.52, typical for banks but adds leverage risk.
- Dividend yield very low (0.07%).
- Trading volume below 1-week average, suggesting reduced participation.
📉 Company Negative News
- No major negative news reported, but high leverage remains a structural concern.
📈 Company Positive News
- Strong quarterly profit growth and stable EPS (₹79.0).
- Positive technical indicators with MACD in bullish territory.
🏭 Industry
- Industry PE ~15.8, AXISBANK trades slightly above, reflecting growth expectations.
- Banking sector remains resilient with steady demand for credit and financial services.
🔎 Conclusion
AXISBANK is a good candidate for swing trading with strong technical momentum and improving profitability. Entry near ₹1,300–₹1,320 offers favorable risk-reward, while profit booking near ₹1,390–₹1,410 is advisable. Suitable for traders seeking moderate upside with disciplined stop-loss management.