Axis Bank Share Price Target: 2023 to 2030 Can Axis Shares touch 2000 INR At the End of FY:2023 ?

Axis Bank is one of India’s largest private sector banks, known for its innovative financial products and services. As an investor, you may be wondering whether Axis Bank is a good auto stock to buy, and what its share price target might be for 2023 to 2030.

In this article, we will examine the latest developments at Axis Bank, including the recent hike in fixed deposit (FD) rates, to help you make an informed decision about your investment.

Effective from February 11, 2023, Axis Bank has increased its FD rates by up to 7.26%, a move that is expected to attract more customers and improve its financial performance. This, combined with other factors such as the bank’s financial performance, economic outlook, and industry trends, will be crucial in determining the future trajectory of Axis Bank’s share price.

Whether you’re a seasoned investor or just starting out, it’s important to keep up-to-date with the latest information about Axis Bank and its share price target, so you can make the best investment decisions for your financial goals.

About the Bank

Axis Bank is a private-sector bank based in India. It offers a wide range of banking and financial services, including corporate banking, retail banking, treasury, and international banking, as well as other services. It is the third largest private sector bank in India in terms of assets, after HDFC Bank and ICICI Bank. Axis Bank has established in 1993 in Ahmedabad and has since grown to become one of the largest banks in the country. The bank currently operates over 4,758 branches and over 10,990 ATMs across the country. Additionally, Axis Bank also offers online banking services and mobile banking apps. The bank is known for its customer-centric approach, offering a wide range of products and services tailored to meet the needs of the customers.

Stock Price History of Axis Bank

Axis Bank has been publicly traded on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) since 1999. The stock has seen significant growth since its listing, with the price increasing from Rs. 3.38 in 1999 to Rs. 933.00 as of Dec 2022. The stock has seen a significant rise since the start of 2020, with the price more than doubling from Rs. 455.20 in September 2020 to Rs. 802.00 on October 2021. In 2020, the stock price has seen a significant decline, hitting a low of Rs. 328.55 in April due to the Covid-19 pandemic. Since then, the stock has recovered and is currently trading at Rs. 858.00.

Latest news about Axis Bank

• Axis Bank hikes FD rates by up to 7.26% effective from 11 February 2023.
• Axis trustees and bondholders move SC over Yes Bank writedown. [11-feb-2023]

How to buy Axis Bank shares online?

To buy Axis Bank shares, you have to follow these steps:

1. Open a Demat and Trading Account: The first step to purchasing Axis Bank shares is to open a Demat and Trading account with a registered stockbroker. 
2. Research: Research the stock market, analyze the financials of the company, and make sure that you are comfortable with the risk associated with the stock. 
3. Place the Order: Once you have decided to buy the Axis Bank shares, place the buy order with your broker. You need to specify the number of shares you want to buy and the price you are ready to pay for the shares. 
4. Monitor the Performance: It is important to monitor the performance of your Axis Bank shares in the stock market. Keep a track of the price movements and take a call on when to book profits or cut losses.

You can also buy shares from the following trading platforms:

➤ Zerodha

➤ Upstox

➤ Groww

➤ AngelOne

➤ ICICIDirect

Share Price Prediction of Axis Bank: 2023 to 2030

Share Price Target 2023 of Axis Bank is ₹1,196.05

it appears that the share prices of Axis Bank are expected to fluctuate throughout the year 2023, with the maximum price reaching ₹1,196.05 in December and the minimum price reaching ₹565.75 in June. This data suggests that Axis Bank’s share prices are likely to experience significant growth throughout the year, with a significant increase from the minimum price in June to the maximum price in December.

Share Price Target 2024 of Axis Bank is ₹1,674.53

According to our Data, the Share prices of Axis Bank are predicted to have a fluctuating trend throughout the year 2024, with the maximum price expected to reach ₹1,674.53 in December and the minimum price expected to reach ₹1,041.30 in April. This suggests that the company’s share prices are likely to experience significant growth throughout the year, with a substantial increase from the minimum price in April to the maximum price in December.

In conclusion, while the data suggest that Axis Bank’s share prices are likely to participate in the growth in 2024, It is critical to examine the influence of current news events on investor confidence. It is critical to keep a careful eye on the stock market and stay informed of any developments that may affect the company’s success.

Share Price Target 2025 of Axis Bank is ₹2,031.23

Based on the predictive table of the maximum and minimum value of Axis Bank shares throughout the year 2025, it is evident that the bank is poised for growth in the coming years. Despite the recent development of Axis trustees and bondholders moving to the Supreme Court over Yes Bank writedown, the bank has made a positive move by hiking its FD rates by up to 7.26% which is effective from today.

The share value of Axis Bank is expected to rise to new heights with a maximum price prediction of ₹2,031.23 in December 2025 and a minimum price of ₹1,178.70 in May 2025. This is a clear indication of the bank’s potential for growth and its place as a formidable player in the stock market.

Axis Bank Share Price Prediction 2026-2030

The share price of Axis Bank is expected to rise over the next seven years. Currently, the share price of Axis Bank is around Rs 874 as of January 2023. Experts are predicting that the share price of Axis Bank is likely to increase to ₹4,976.50 by the end of 2030. This growth is driven by several factors, including the bank’s improving financial performance, increased digital banking services, and its growing presence in the Indian banking sector.

Financial Condition of Axis Bank over the last 5 years

The financial condition of Axis Bank over the last 5 years, as indicated by its sales, operating profits, net profits, earnings per share (EPS), the price-to-earnings ratio (P/E), and dividend payout, has been generally positive with some fluctuations. The sales figures have consistently increased over the years, reaching 68,846.06 crores in March 2022. The operating profit margin (OPM) has also shown an upward trend, reaching 54.66% in March 2022. The EPS has increased from 1.78 in March 2018 to 46.00 in March 2022, and the P/E ratio has decreased from 287.44 in March 2018 to 16.55 in March 2022, which shows the growth in profitability and shareholder value. The dividend payout has also improved, with a payout of 2.17% in March 2022, compared to 0.00% in March 2018.

In conclusion, the financial condition of Axis Bank has shown a positive trend over the last 5 years, indicating growth and stability.

FAQS

Will the share price of Axis Bank increase in 2023?

It is anticipated that Axis Bank per share price will increase to ₹1,196.05 by the end of 2023. Because The bank’s strong financial position and robust growth strategy are key factors contributing to this prediction.

What is the share price target of Axis Bank for 2025?

The share price of Axis Bank might reach around ₹2,031.23 by 2025. Because This projection is based on an in-depth analysis of the bank’s financial performance, market trends, and competition.

What is the share price target of Axis Bank for 2030?

The share price of Axis Bank might reach around ₹4,976.50 by the end of 2030.

Also read:

• What is Warren Buffett’s Style of Investing? Does it still work in 2023?
• What is the Central Bank of India Share Price Target: 2023, 2024, 2025 to 2030?
• What is the SBI Life Insurance Company Ltd Share Price Target: 2023 to 2030?

Conclusion

The Axis Bank share price has been steadily rising since 2023 and is likely to continue to climb in the coming years. The bank has a strong presence in the Indian market and is well-positioned to benefit from the economic growth in the country. It is also investing in digital banking infrastructure and technology to further strengthen its competitive advantage. With its strong fundamentals and increasing investor confidence, it is expected that the Axis Bank share price will reach even higher levels by 2030. Therefore, investors should consider Axis Bank as a long-term investment option to reap the benefits of higher returns in the years to come.

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