Axis Bank, a prominent private lender, recently revealed its financial performance for the third quarter ending on December 31, 2022. The bank’s results indicate a remarkable growth in its net profit, with a 62% increase from the previous year, reaching ₹5,853.1 crore in Q3FY23. This impressive performance has garnered attention and sparked interest in the bank’s future prospects. This article will explore Axis Bank’s share price targets for the years 2023 to 2030, taking into account its recent financial results and future growth potential.
AXIS BANK IN RECENT NEWS
- Axis Bank feels confident regarding its association with Adani Group, as it constitutes only 0.94% of their net loans.
- Axis Bank is in discussions to launch 10-year infrastructure bonds and is seeking support from insurance companies.
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|Axis Bank Share Price Prediction||Maximum Price||Minimum Price|
The Axis Bank share price is expected to exhibit a bullish trend in 2023, with growth percentages varying between months. The minimum prices range from ₹475.74 to ₹928.41, while the maximum prices range from ₹618.47 to ₹1,206.93. The highest price forecast is seen in December 2023 with a maximum price prediction of ₹1,206.93. The uptrend in the Axis Bank share price is expected to continue throughout the year 2023, making it a potentially attractive investment option for shareholders.
|Axis Bank Share Price Prediction 2024||Maximum Price||Minimum Price|
The Axis Bank of India share price has continued its upward trend in 2024, with a maximum price of ₹1,689.76 in December and a minimum price of ₹875.65 in May.
The bank started the year on a bullish note with a maximum price of ₹1,270.45 in January, marking a growth of 21.47% from the previous year. This trend continued throughout the year, with a particularly impressive performance seen in October 2024, where the maximum price reached ₹1,577.74, showcasing a growth of 17.23% from September.
Despite a bearish trend seen in July with a minimum price of ₹900.08, the bank still managed to end the year on a high note with a maximum price of ₹1,689.76 in December, marking a growth of 2.20% from November.
In conclusion, the Axis Bank of India share price has had an impressive performance in 2024, with consistent growth seen throughout the year.
|Axis Bank Share Price Prediction 2025||Maximum Price||Minimum Price|
The share price of Axis Bank is expected to show a bullish trend in the year 2025. The maximum share price target for the year 2025 is predicted to be ₹2,009.51 in December 2025, while the minimum share price target is ₹1,545.78 in the same month. The growth percentage of the share price is expected to be in the range of 30-50% throughout the year 2025. The share price is expected to follow an uptrend and reach new heights in the year 2025.
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|Axis Bank Share Price Prediction by||Maximum Price||Minimum Price|
The Axis Bank share price is expected to have a range of maximum to minimum prices for the years 2026 to 2030. In 2026, the maximum share price is predicted to be ₹1,406.66 and the minimum share price is ₹984.66. The share price is expected to decrease in 2027 with a maximum of ₹1,195.66 and a minimum of ₹836.96.
However, in 2028, the share price is expected to see a significant increase with a maximum of ₹2,152.19 and a minimum of ₹1,506.53. The share price is expected to continue to increase in the following years with a maximum of ₹4,420.93 and a minimum of ₹3,094.65 in 2029, and a maximum of ₹4,923.30 and a minimum of ₹3,446.31 in 2030.
Axis Bank Financial Strength (2018 to 2022)
|ANNUAL||FY 2022||FY 2021||FY 2020||FY 2019||FY 2018|
|Total Income Growth (%)||6.51||0.99||13.99||20.10||1.53|
|Provisions & Contingencies||12,202.95||19,494.23||22,117.22||14,581.65||15,620.59|
|Provisions & Contingencies Growth (%)||-37.40||-11.86||51.68||-6.65||10.67|
|Profit after Tax (PAT)||14,119.29||7,195.50||1,853.11||5,038.59||455.82|
|PAT Growth (%)||95.31||286.02||-62.78||987.68||-88.30|
|Net Interest Margin (%)||2.83||2.94||2.77||2.72||2.70|
|Net Profit Margin (%)||20.50||11.12||2.90||8.99||0.97|
|Basic EPS (₹)||46.04||24.19||6.83||19.61||1.86|
Over the last five years, the company has reported a Total Income of ₹86,114.19 crore in FY 2022, which is a growth of 6.51% from the previous year.
The Provisions & Contingencies for the same year was ₹12,202.95 crore, which showed a decrease of 37.40% from the previous year. The Profit after Tax (PAT) in FY 2022 was ₹14,119.29 crore, showing a substantial growth of 95.31% from the previous year.
The company’s Net Interest Margin (NIM) has remained stable at 2.83% in FY 2022, while the Net Profit Margin (NPM) has improved to 20.50%. The Basic EPS (Earnings per Share) for FY 2022 was ₹46.04. The company’s revenue growth has been positive with a maximum growth of 20.10% in FY 2019 and a minimum growth of 0.99% in FY 2021.
However, the company has faced challenges in terms of profit growth with a maximum growth of 987.68% in FY 2019 and a minimum decline of 62.78% in FY 2020. Despite these challenges, the company’s PAT and revenue growth has remained stable over the years, which is a positive sign for the future.
AXIS BANK SHARE PRICE TARGET BY EXPERTS
- UBS keeps its “buy” rating on Axis Bank and increases its target price by ₹70 to ₹1,100, attributing the better-than-expected quarterly results to margin expansion and operating leverage.
- CLSA maintains its “buy” rating on Axis Bank with a target of ₹1,250 and increases its net profit estimates for 2024 and 2025 by 1-3 percent.
- Morgan Stanley keeps its “overweight” rating and increases its target to ₹1,200 from ₹1,150, stating that the bank’s strong performance in NIM, fees, and costs led to an all-around beat. Morgan Stanley finds Axis Bank’s valuation attractive.
- JPMorgan continues with its “overweight” rating and raises its target to ₹1,100 from ₹990.
- HSBC maintains its “buy” rating and increases its target to ₹1,200 from ₹1,188.
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Can Axis Bank reach 5000 INR?
Axis Bank is one of India’s leading private banks and is currently trading at around 4400 INR. This makes it possible for Axis Bank to reach a share price of 5000 INR.
The Axis Bank share price target for 2025 is 2009.51 INR.
The Axis Bank share price target for 2030 is 4923.30 INR.
The Axis Bank share price in the next 5 years is 2152.19 INR.
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Based on the financial statement of the last five years, Axis Bank has seen growth in its total income, with a maximum growth of 20.10% in FY 2019 and a minimum growth of 0.99% in FY 2021.
The profit after tax (PAT) also showed a significant increase, with a maximum growth of 286.02% in FY 2020 and a minimum growth of 95.31% in FY 2022.
Additionally, the revenue growth has been consistent, with an average net profit margin of around 20.50% over the past five years. These factors, along with the stability of the bank’s operations and its strong financial performance, suggest that Axis Bank shares could be a good investment opportunity for those looking to diversify their portfolio.
However, as with any investment, it is important to conduct thorough research and seek professional advice before making a decision.