Share of Axis Bank Ltd is currently trading at around Rs.1264/-Existing as well as Prospective Investors are asking for Axis Bank Share Price Targets for 2024,2025,2030,2035 & 2040. In this article, we will discuss about the business prospects and financial performance of the Company and based on our discussion and analysis will tell you the Axis Bank Share Price Target from 2024 to 2040.
Discussion & Analysis of Business & Financial performance with future business prospects of Axis Bank Ltd:
Axis Bank Ltd has demonstrated strong business performance in recent quarters, reflecting significant growth and robust financial health. For the first quarter of FY24, the bank reported a 27% year-on-year increase in Net Interest Income (NII), reaching ₹11,959 crores. The Profit After Tax (PAT) for the same period saw a substantial rise of 41% year-on-year to ₹5,797 crores. Key financial ratios also improved, with the Gross Non-Performing Asset (NPA) ratio declining to 1.96% from 2.76% the previous year.
The bank continued its positive trend in the third quarter of FY24, achieving a 9% year-on-year growth in NII to ₹12,532 crores. The PAT for Q3FY24 stood at ₹6,071 crores, marking a 4% quarter-on-quarter increase. Total assets grew by 14% year-on-year to ₹13,98,541 crores, and total deposits rose by 18% to ₹10,04,900 crores.
Axis Bank’s future prospects look promising. The bank’s strong loan growth across all segments, including retail, SME, and corporate sectors, positions it well for continued expansion. Advances increased by 22% year-on-year, with rural loans and small business banking loans showing significant growth. The bank’s focus on improving asset quality is evident from the declining NPA ratios.
Moreover, Axis Bank is investing in expanding its branch network and digital capabilities. With a well-capitalized structure and adequate liquidity buffers, the bank is well-equipped to capitalize on future growth opportunities. Analysts forecast a 9.92% annual growth in earnings, supported by the bank’s strategic initiatives and robust financial performance.
In summary, Axis Bank’s strong financial performance, effective risk management, and strategic growth initiatives suggest a positive outlook for its future business prospects.
Share Price Targets:
Axis Bank Share Price Target 2024
Based on the above discussion and analysis, the share price of Axis Bank is likely to touch the level of around Rs.1400-1450 in 2024
Axis Bank Share Price Target 2025
Based on the above discussion and analysis, the share price of Axis Bank is likely to touch the level of around Rs.1600-1650 in 2025
Axis Bank Price Target 2030
Based on the above discussion and analysis, the share price of Axis Bank is likely to touch the level of around Rs.2500-2750 in 2030
Axis Bank Price Target 2035
Based on the above discussion and analysis, the share price of Axis Bank is likely to touch the level of around Rs.4500-4750 in 2035
Axis Bank Price Target 2040
Based on the above discussion and analysis, the share price of Axis Bank is likely to touch the level of around Rs.7500-8000 in 2040
Disclaimer: Investment in Capital Market/Share Prices are subject to market fluctuations and are dependent on several factors. These predictions are based on the current market conditions and the future market expectations. Investors are advised to take into consideration all these factors before making any investment in Capital Market. This article should not be treated as Investment advisory and is for general Guidance & Educational purpose only. We keep revising our share price targets based on the latest information available with us. Please keep visiting our website regularly to keep yourself updated. MoneyInsight does not offer investment advice and does not encourage any action based on its content.
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