Axis Bank Share Price History from 1998 to 2023

In this article, you will find the details of Axis Bank Share Price History. Additionally, we will provide important fundamental details about Axis Bank Shares.

Axis Bank Share Price History

Over the years, Axis Bank has witnessed significant fluctuations in its stock prices. 2003, there was a remarkable surge as the stock price soared to ₹27.03, reflecting a staggering year-over-year increase of 201.6%.

This substantial growth continued into 2004 with a 37% rise, reaching ₹37.04. The following years, particularly from 2006 to 2008, saw a significant upward trend, with the stock price going ₹193.42 in 2007, marking an impressive 106.1% year-over-year growth.

However, the financial crisis 2008 had a notable impact, causing a sharp decline in 2008 with a -47.9% year-over-year change, bringing the stock price down to ₹100.93.

In the subsequent years, they depicted a recovery for Axis Bank, with a remarkable turnaround in 2009, registering a 95.9% increase and reaching ₹197.74. The bank’s stock continued to exhibit resilience, experiencing a positive trajectory in the following years.

In 2014, Axis Bank’s stock came to ₹502.05, reflecting a noteworthy 93.1% year-over-year growth. Despite occasional dips, the bank demonstrated resilience.

By 2023, the stock price had climbed to ₹1021.70, reflecting a 9.4% increase, showcasing the bank’s ability to navigate market dynamics and maintain a positive growth trajectory.

Also Read: Tata Elxsi Share Price History

About Axis Bank

Established in 1993, Axis Bank has emerged as one of India’s prominent private sector banks, playing a pivotal role in the nation’s financial landscape. Known for its comprehensive range of banking and financial services, Axis Bank has consistently adapted to the evolving needs of its customers.

The bank’s journey, as reflected in its stock performance, showcases a mix of highs and lows, mirroring the dynamic nature of the financial markets.

Throughout its history, Axis Bank has weathered economic shifts, responding with resilience and adaptability. Notable milestones include the remarkable surge in stock prices in the early 2000s, reaching its pinnacle in 2007 with a 106.1% year-over-year increase.

The subsequent challenges, particularly during the global financial crisis 2008, underscore the bank’s ability to navigate turbulent times and recover, exemplified by the robust rebound in 2009 with a 95.9% year-over-year growth.

Over the years, Axis Bank has consistently demonstrated its commitment to growth and stability, contributing significantly to India’s banking sector. As of 2023, with a stock price of ₹1021.70 and a 9.4% year-over-year increase, Axis Bank remains a crucial player in the nation’s financial landscape, poised for future endeavours and challenges.

Fundamentals of Axis Bank

Here are some primary fundamental data about Axis Bank (until 2023):

Market Overview: With a market capitalization of ₹3,06,716 Crores, the current market dynamics position the stock at ₹994. The stock has fluctuated between ₹1,048 and ₹814, reflecting market highs and lows. The Price-to-Earnings (P/E) ratio is 13.1, indicating a moderate valuation.

Financial Health: The company’s financial health is underscored by a Book Value of ₹422 and an Earnings Per Share (EPS) of ₹42.6. However, it is essential to note a substantial debt load of ₹11,52,038 Crores, which translates to a Debt-to-Equity ratio of 8.88. This suggests a considerable reliance on debt for financing.

Performance Metrics: The Return on Capital Employed (ROCE) stands at 6.15%, reflecting the efficiency of capital utilization. Meanwhile, the Return on Equity (ROE) is reported at 14.5%, indicating the profitability of shareholder equity. The low Promoter Holding at 8.22% suggests diversified ownership.

Investor Metrics: Investors might find the Dividend Yield of 0.10% less appealing, indicating a modest return on investment in dividends. The Price-to-Book (P/B) ratio is 2.36, giving investors insights into the stock’s valuation compared to its book value.

In summary, while the company displays strengths in valuation and profitability, the high debt load and modest dividend yield should be considerations for potential investors.

(Disclaimer: The information is presented ‘as is’ and is intended solely for educational and informational purposes, not for trading decisions or professional advice. We strongly advise conducting your own thorough research before making any investment.)

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