AXIS BANK SHARE PRICE TARGET 2024, 2025, 2026 to 2030

The third largest private bank of India, Axis Bank, as of 12th May 2024 is trading at Rs.1,120 with a market cap of Rs.3,45,824 Crore. Among the top 5 private Indian banks, Axis Bank’s P/E ratio is the lowest, making it available at an attractive valuation. Does this make Axis Bank a great investment in 2024? Let’s find out.

Investors are continually looking for promising equities that offer appealing returns as the financial markets continue to change and adapt to shifting economic environments. Axis Bank, a major player in India’s banking industry, is one such stock that has gained attention recently. YTD the Axis Bank stock price is up 4.29%. Axis Bank is prepared to offer good performance in the upcoming years because of its history of consistent growth and strong financials.

This article will examine if Axis Bank is a solid bank stock to buy for investors aiming to expand their portfolios by looking more closely at their share price goal for the years 2024 to 2030.

How to Purchase Axis Bank Shares?

Below are the trading platforms that you can use to purchase Axis Bank shares:

➤ Zerodha

➤ Upstox

➤ Groww

➤ AngelOne

➤ ICICIDirect

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Axis Bank Share Price Prediction: 2024 to 2030

Axis Bank Share Price Target 2024

When Maximum Price Minimum Price
May 2024 1,209.60 1,051.83
June 2024 1,253.15 1,089.69
July 2024 1,240.61 1,078.79
August 2024 1,290.24 1,121.95
September 2024 1,341.85 1,166.82
October 2024 1,315.54 1,143.95
November 2024 1,355.00 1,178.26
December 2024 1,388.88 1,207.72

Axis Bank’s share price targets for 2024 show a gradual increase, with estimates ranging from a minimum of around 1,052 to a maximum of about 1,389 by December, indicating potential growth over the year.

Axis Bank Share Price Target 2025

When Maximum Price Minimum Price
January 2025 1,416.66 1,089.74
February 2025 1,452.98 1,117.68
March 2025 1,509.65 1,161.27
April 2025 1,480.05 1,138.50
May 2025 1,436.94 1,105.34
June 2025 1,501.60 1,155.08
July 2025 1,472.16 1,132.43
August 2025 1,517.69 1,167.45
September 2025 1,570.81 1,208.31
October 2025 1,611.65 1,239.73
November 2025 1,651.94 1,270.72
December 2025 1,693.24 1,302.49

Axis Bank’s projected share prices for 2025 show a consistent upward trend, with estimates ranging from around 1,090 to 1,693 by December.

Axis Bank Share Price Target 2026

When Maximum Price Minimum Price
January 2026 1,744.03 1,341.57
February 2026 1,788.75 1,375.96
March 2026 1,858.51 1,429.63
April 2026 1,822.07 1,401.59
May 2026 1,769.00 1,360.77
June 2026 1,848.61 1,422.01
July 2026 1,812.36 1,394.12
August 2026 1,868.41 1,437.24
September 2026 1,933.81 1,487.54
October 2026 1,984.09 1,526.22
November 2026 2,033.69 1,564.38
December 2026 2,084.53 1,603.49

Axis Bank Share Price Target 2027

When Maximum Price Minimum Price
January 2027 2,126.22 1,635.56
February 2027 2,180.74 1,677.49
March 2027 2,265.79 1,742.91
April 2027 2,221.36 1,708.74
May 2027 2,156.66 1,658.97
June 2027 2,253.71 1,733.62
July 2027 2,209.52 1,699.63
August 2027 2,277.86 1,752.20
September 2027 2,357.58 1,813.52
October 2027 2,418.88 1,860.68
November 2027 2,479.35 1,907.19
December 2027 2,541.34 1,954.87

Axis Bank Share Price Target 2028

When Maximum Price Minimum Price
January 2028 2,592.16 1,993.97
February 2028 2,658.63 2,045.10
March 2028 2,762.31 2,124.86
April 2028 2,708.15 2,083.19
May 2028 2,629.27 2,022.52
June 2028 2,747.59 2,113.53
July 2028 2,693.72 2,072.09
August 2028 2,777.03 2,136.17
September 2028 2,874.22 2,210.94
October 2028 2,948.95 2,268.43
November 2028 3,022.68 2,325.14
December 2028 3,098.24 2,383.26

Axis Bank Share Price Target 2029

When Maximum Price Minimum Price
January 2029 3,160.21 2,430.93
February 2029 3,241.24 2,493.26
March 2029 3,367.65 2,590.50
April 2029 3,301.62 2,539.70
May 2029 3,205.45 2,465.73
June 2029 3,349.70 2,576.69
July 2029 3,284.02 2,526.17
August 2029 3,385.58 2,604.30
September 2029 3,504.08 2,695.45
October 2029 3,595.19 2,765.53
November 2029 3,685.07 2,834.67
December 2029 3,777.19 2,905.53

Axis Bank Share Price Target 2030

When Maximum Price Minimum Price
January 2030 3,852.74 2,963.64
February 2030 3,951.52 3,039.63
March 2030 4,105.63 3,158.18
April 2030 4,025.13 3,096.25
May 2030 3,907.89 3,006.07
June 2030 4,083.75 3,141.35
July 2030 4,003.68 3,079.75
August 2030 4,127.50 3,175.00
September 2030 4,271.96 3,286.13
October 2030 4,383.03 3,371.56
November 2030 4,492.61 3,455.85
December 2030 4,604.93 3,542.25

Financial Condition of Axis Bank: Last 5 years

Year Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Revenue
(Crore Rs)
63,716 64,397 68,846 87,448 94,501
Interest
(Crore Rs)
37,996 34,627 34,923 43,389 47,796
Expenses +
(Crore Rs)
35,976 32,621 31,207 18,501 34,039
Financing Profit
(Crore Rs)
-10,256 -2,851 2,716 25,558 12,666
Financing Margin % -16% -4% 4% 29% 13%
Other Income +
(Crore Rs)
16,342 13,577 17,262 6,209 8,264
Depreciation
(Crore Rs)
806 976 1,049 13,146 0
Profit before tax
(Crore Rs)
5,280 9,750 18,929 18,621 20,930
Tax % 64% 26% 25% 42%
Net Profit + 1,879 7,252 14,207 10,919 12,630
EPS in Rs 6.57 23.49 45.99 35.16 40.74
Dividend Payout % 0% 0% 2% 3%

In the last 5 years, the Axis bank has seen steady growth in revenue, reaching 94,501 crores in the TTM period. However, the interest expenses and other costs have also increased during this time. The financing profit has shown fluctuations but overall has improved significantly in the TTM period with a margin of 13%.

Other income has contributed positively to the bank’s profits. The tax percentage has varied, impacting the net profit figures. Axis Bank has been maintaining a dividend payout, which increased gradually in recent years. These financials indicate the bank’s efforts to grow and navigate through a changing financial landscape while continuing to reward shareholders through dividends.

FAQS

What is the current share price of Axis Bank?

As of 12th May 2024, the share price of Axis Bank is INR 1,120.

What is the share price target for Axis Bank in 2024?

The maximum share price target for Axis Bank in 2024, is INR 1,388.88.

Can Axis Bank’s share price reach 5000 INR by 2025?

It is highly unlikely for Axis Bank’s share price to reach 5,000 INR by 2025. However, the bank has been showing steady growth and is expected to perform well in the coming years.

What is the P/E ratio of Axis Bank?

As of 12th May 2024, the P/E ratio of Axis Bank is 13.1.

Is Axis Bank a good stock to buy?

Axis Bank has been performing well in recent years and has shown consistent growth. Based on its financial performance and prospects, it can be considered a good stock to buy.

What is the dividend payout history of Axis Bank?

Axis Bank’s dividend payout history has been relatively stable over the past five years, with dividend payout percentages ranging from 0% to 3%, indicating a consistent approach towards distributing profits to shareholders during this period.

What are the growth prospects of Axis Bank in the coming years?

Axis Bank has been expanding its business and increasing its digital capabilities, which are expected to contribute to its growth in the coming years. The bank has also been focusing on retail lending and increasing its market share in various sectors.

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Conclusion: Is Axis Bank share a good buy in 2024?

Axis Bank presents itself as a promising investment opportunity in 2024, with its current share price trading attractively at ₹1,120 and a market cap of ₹3,45,824 Crore. The bank’s low P/E ratio among the top 5 private Indian banks and its consistent growth trajectory further enhance its appeal to investors. With anticipated improvements in key financial metrics such as net interest income, net profit, and asset quality, Axis Bank is poised to deliver robust performance in the coming years, potentially offering attractive returns to shareholders. Additionally, the bank’s steady dividend payout history underscores its commitment to rewarding investors while navigating through evolving market dynamics. Overall, Axis Bank emerges as a strong contender for investors looking to bolster their portfolios with a stable and growth-oriented banking stock.

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Author: Neelam KushwahaNeelam Kushwaha is a Bachelor's student in Computer Science at Hansraj College with a keen interest in finance and the stock market. She is a senior editor at Financesrule, where she shares her insights and expertise in researching stock price predictions. Neelam's analytical skills and unique perspectives make her a valuable asset to the financial community. In her free time, she enjoys reading and traveling.

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