Axis Bank Share Price jumped 1.08 percent on Tuesday as overall sentiment about banking sector remains positive after RBI's rate cut decision. Axis Bank stock opened the session at Rs 1,224 and touched an intraday high at Rs 1,236 before closing at Rs 1,233. The stock is currently looking bullish on technical charts. The stock has delivered double-digit returns over the past year and ranks among top picks with target prices ranging from ₹1,300 to ₹1,430. Despite flat quarterly net profits, core income strength and deposit growth have buoyed investor confidence. Still, valuations remain a point of caution, and macroeconomic developments—such as RBI rate cuts and competitive pressures—could shift the narrative.

Q4FY25 Results and Earnings Snapshot

The bank posted a net profit of Rs 7,118 crore in Q4FY25, a marginal dip from Rs 7,130 crore in the same quarter of the previous year, but still ahead of market expectations. Total income increased by 6% year-on-year to Rs 38,022 crore, while net interest income was estimated to grow by 6.1% to Rs 13,894 crore.

Following the earnings release, shares rose by 2%, indicating positive market reception and investor confidence in the bank’s long-term story.

Market Sentiment and Broader Economic Trends

Equity markets in India have remained volatile in 2025. While the Sensex and Nifty indices have generated modest returns of around 4% year-to-date, banking stocks have benefited from renewed optimism driven by potential rate cuts from the Reserve Bank of India.

Axis Bank’s technical structure remains strong, supported by a bullish MACD and favorable Bollinger Band formation on weekly charts. Historically, June has been a profitable month for Axis Bank stock, which has recorded an average positive return of 1.28% over the past 17 years.

Analyst Ratings and Stock Targets

Axis Bank has received broad-based support from leading brokerages:

Consensus estimates point to an average target of Rs 1,330–1,367, with over 83% of analysts issuing a “Buy” rating.

Fundamental and Technical Insights

Key financial metrics indicate the stock remains attractively valued:

P/E Ratio: 13.45–13.62 (below the industry average of 15.94)

P/B Ratio: 2.23

Dividend Yield: 0.08%

Book Value per Share: Rs 552.83

Net Interest Margin: 3.4% (in an uptrend)

Asset quality has been improving, supported by provisions covering 132% of gross NPAs, ensuring a solid buffer.

On the technical front, a daily MACD crossover on June 9 has historically led to average gains of 4.12% within 10 days. Support lies at Rs 1,200, with resistance near Rs 1,340.

Catalysts Supporting Growth

Several tailwinds are driving Axis Bank’s stock momentum:

Consistent earnings growth and operational efficiency

Declining non-performing assets and stronger provision coverage

Supportive macro trends including the likelihood of interest rate cuts

High analyst conviction with 12–14% estimated upside

Bullish historical trends in June and strong delivery volumes

Conclusion: Is Axis Bank Still a Buy?

Axis Bank’s fundamentals, analyst sentiment, and technical indicators suggest a favorable risk-reward scenario for investors with a medium to long-term view. While some caution is warranted due to valuation and external uncertainties, the majority of brokerages project continued upside, with target prices clustered between Rs 1,300 and Rs 1,430.

Investors are advised to stay alert to macro developments, RBI policy changes, and asset quality metrics. Nevertheless, Axis Bank remains one of the most compelling plays in India’s private banking sector today.