If you are looking for “Axis Bank share price targets” for upcoming years you are in the right place. Before we dive into Axis Bank stock price targets, Let’s understand the Axis Bank company background, technical fundamentals etc.
- 1 About Axis Bank
- 2 Axis Bank Price Target Details
About Axis Bank
India’s banking sector is witnessing a tumultuous period with many scams and bad loans coming to light. In such a scenario, it is heartening to see that a bank like Axis is still going strong. Headquartered in Mumbai, Axis Bank is one of the largest privately-owned banks in India. The bank has a large network of branches and ATMs spread across the country.
Axis Bank also has a significant presence in overseas markets with branches in Singapore, Hong Kong, Dubai, Shanghai, and Colombo. The bank has been able to weather the storm better than most of its peers in the Indian banking sector and this is reflected in its stock price as well. In spite of the recent market volatility, Axis Bank shares have held up relatively well, making it a good investment option for long-term investors.
Fundamentals of Axis Bank
Let’s look at the fundamentals of Axis Bank, based on which we can get a clear understanding of the expertise in the banking sector.
- Current Market Cap: The current market cap of Axis Bank as of October 6 2022, is ₹2,31,990.97 Cr.
- P/E Ratio: The current price to earning ratio of Axis Bank is15.48.
- Profit Growth: Profit growth is around 97.70 % over the period of time
Axis Bank Price Target Details
We have done a complete analysis of Axis Bank and have come up with its share price targets for upcoming years.
Note: These price targets of “Axis Bank” is only for reference purpose only, this prediction is only if there are positive market sentiments, and any uncertainties in the company or global market condition is not covered in this analysis.
|Year||Axis Bank Share Price Targets (₹)|
After analyzing the chart deeply by taking the monthly time frame analysis on the trading view chart of Axis Bank we found,
The target share price of Axis Bank for the year 2022 will be ₹750
The target share price of Axis Bank for the year 2023 will be ₹800
The target share price of Axis Bank for the year 2024 will be ₹850
The target share price of Axis Bank for the year 2025 will be ₹900
The target price of Axis Bank for the year 2027 will be ₹950
The target share price of Axis Bank for the years 2027, 2028, 2029, and 2030 will be ₹1100, ₹1500, ₹1900, and ₹2500 respectively.