Axis Bank Share Price Today on : Axis Bank share are up by 5.64%, Nifty up by 0.41%

Axis Bank Share Price Today on : At 18 Oct 13:00 today, Axis Bank shares are trading at price ₹1196, 5.64% up from the previous closing price. Sensex is trading at ₹81220.8, up by 0.26%. The stock has hit a high of ₹1198.4 and a low of ₹1156.05 during the day.

On the technical front, the stock is trading above the 5,10,50,300 days SMA & lower than the 20,100 day SMA. The stock will have support at 5,10,50,300 days SMA & face resistance at 20,100 days SMA

The SMA values for the stock are given below :

The classic pivot level analysis shows that on a daily time frame, the stock has key resistances at ₹1147.27, ₹1162.98, & ₹1174.62, whereas it has key support levels at ₹1119.92, ₹1108.28, & ₹1092.57.

Till 1 PM today, the volume traded on NSE & BSE for Axis Bank was 496.49% higher than the previous trading session. Volume traded is an important indicator along with price to study trends. Positive price movement with higher volume suggests a sustainable upmove, and negative price movement with higher volume might be an indication of further decline in prices.

Overall, as per Mint technical analysis, Initial signs of a trend reversal are evident following the recent downtrend..

From a fundamental analysis perspective, the company has a ROE of 18.40% .The current P/E of the stock is at 12.60 & P/B is at 2.03.

The median 1-year forecasted upside in this share is at 14.88% with a target price of ₹1374.00.

The company has a 0.00% promoter holding, 4.79% MF holding, & 51.77% FII holding as per filings in the september quarter.

The MF holding has decreased from 4.91% in june to 4.79% in the september quarter.

The FII holding has decreased from 53.42% in june to 51.77% in the september quarter.

Axis Bank share price has gained 5.64% today to trade at ₹1196 in resonance with its peers. Its peers such as are also on the rise. Overall, benchmark indices Nifty & Sensex are up 0.41% & 0.26% each respectively.