Latest news with #AxisBankLtd
Business Standard
18-07-2025
- Business
- Business Standard
Quick Wrap: Nifty Private Bank Index registers a drop of 1.46%
Nifty Private Bank index closed down 1.46% at 27534.5 today. The index has lost 1.00% over last one month. Among the constituents, Axis Bank Ltd fell 5.22%, RBL Bank Ltd slipped 1.95% and HDFC Bank Ltd dropped 1.48%. The Nifty Private Bank index has increased 5.00% over last one year compared to the 0.68% spike in benchmark Nifty 50 index. In other indices, Nifty Bank index has slid 0.96% and Nifty Media index increased 0.96% on the day. In broad markets, the Nifty 50 has declined 0.57% to close at 24968.4 while the SENSEX has declined 0.61% to close at 81757.73 today.
Business Standard
18-07-2025
- Business
- Business Standard
Clean Science & Technology Ltd leads losers in 'A' group
Newgen Software Technologies Ltd, Alok Industries Ltd, Axis Bank Ltd and Route Mobile Ltd are among the other losers in the BSE's 'A' group today, 18 July 2025. Newgen Software Technologies Ltd, Alok Industries Ltd, Axis Bank Ltd and Route Mobile Ltd are among the other losers in the BSE's 'A' group today, 18 July 2025. Clean Science & Technology Ltd lost 7.97% to Rs 1330.65 at 14:46 stock was the biggest loser in the BSE's 'A' the BSE, 54732 shares were traded on the counter so far as against the average daily volumes of 5336 shares in the past one month. Newgen Software Technologies Ltd tumbled 5.87% to Rs 966.2. The stock was the second biggest loser in 'A' the BSE, 1.89 lakh shares were traded on the counter so far as against the average daily volumes of 33716 shares in the past one month. Alok Industries Ltd crashed 5.54% to Rs 20.8. The stock was the third biggest loser in 'A' the BSE, 51.37 lakh shares were traded on the counter so far as against the average daily volumes of 52.59 lakh shares in the past one month. Axis Bank Ltd dropped 5.02% to Rs 1101.6. The stock was the fourth biggest loser in 'A' the BSE, 10.62 lakh shares were traded on the counter so far as against the average daily volumes of 1.3 lakh shares in the past one month. Route Mobile Ltd corrected 4.82% to Rs 960.3. The stock was the fifth biggest loser in 'A' the BSE, 24899 shares were traded on the counter so far as against the average daily volumes of 9374 shares in the past one month.
Mint
17-07-2025
- Business
- Mint
Axis Bank Q1 Results: Net Profit declines 4% YoY to ₹5,806 crore; provisions rise sharply
Private sector lender Axis Bank Ltd. reported its financial results for the June 2025 quarter (Q1FY26) on Wednesday, July 17. The bank posted a net profit of ₹ 5,806 crore, registering a 4 percent decline compared to ₹ 6,034.64 crore in the same quarter last year. The bank's Net Interest Income (NII) — a key indicator of its core lending operations — stood at ₹ 13,560 crore, up 0.8 percent year-on-year. This marginal growth in NII reflects modest expansion in interest-earning assets and spreads during the quarter. Axis Bank's asset quality deteriorated slightly on a sequential basis. Gross Non-Performing Assets (NPA) rose to 1.57 percent, compared to 1.28 percent at the end of the March 2025 quarter. Similarly, Net NPA increased to 0.45 percent from 0.33 percent in the previous quarter. The bank reported a significant spike in provisions during the quarter. Total provisions rose to ₹ 3,947 crore, up sharply from ₹ 1,359 crore in Q4FY25 and ₹ 2,039 crore in Q1FY25. The increase in provisions likely contributed to the dip in bottom-line profit and reflects a more cautious stance on credit risk. Axis Bank reported a strong operating performance for the June 2025 quarter (Q1FY26), with operating profit rising 14 percent year-on-year (YoY) and 7 percent sequentially to ₹ 11,515 crore. The bank's operating revenue grew 8 percent YoY, while operating expenses rose just 2 percent YoY and declined 5 percent quarter-on-quarter (QoQ), leading to positive operating jaws — a healthy indicator of efficiency gains. Non-interest income rose 25 percent YoY, driven by a 10 percent rise in fee income, with retail fee income growing 9 percent YoY. The bank also maintained a strong fee composition, with granular fees accounting for 91 percent of total fees. On the deposit front, total deposits grew 9 percent YoY on a monthly average balance (MEB) and quarterly average balance (QAB) basis. Within this, term deposits rose 12 percent, current account (CA) deposits grew 9 percent, and savings account (SA) deposits increased by 3 percent YoY. The bank continued to make notable progress in its focus segments. The combined mix of Small Business Banking (SBB), SME, and Mid-Corporate (MC) loans stood at ₹ 2,472 billion, forming 23 percent of total loans, reflecting an 820 basis points improvement over the past four years. SME loans grew 16 percent YoY and 2 percent QoQ, while corporate loans increased by 9 percent YoY and 6 percent QoQ. The mid-corporate segment expanded a strong 24 percent YoY. Axis Bank's overall Capital Adequacy Ratio (CAR) stood at 16.85 percent, with Common Equity Tier-1 (CET-1) ratio at 14.68 percent, representing a net accretion of 62 basis points YoY and 1 basis point during the quarter. The bank delivered a consolidated Return on Assets (RoA) of 1.51 percent and an RoA of 1.66 percent excluding technical impacts. Consolidated Return on Equity (RoE) stood at 13.57 percent, improving to 14.90 percent excluding technical adjustments. In the digital payments space, Axis Bank retained its market leadership in the UPI Payer PSP segment with a market share of approximately 32 percent. It also remained one of the largest players in the merchant acquiring business, holding a terminal market share of about 19.7 percent.
Mint
17-07-2025
- Business
- Mint
Axis Bank Q1 Results: Net Profit declines 4% YoY to ₹5,806 crore; provisions rise sharply
Private sector lender Axis Bank Ltd. reported its financial results for the June 2025 quarter (Q1FY26) on Wednesday, July 17. The bank posted a net profit of ₹ 5,806 crore, registering a 4 percent decline compared to ₹ 6,034.64 crore in the same quarter last year. The bank's Net Interest Income (NII) — a key indicator of its core lending operations — stood at ₹ 13,560 crore, up 0.8 percent year-on-year. This marginal growth in NII reflects modest expansion in interest-earning assets and spreads during the quarter. Axis Bank's asset quality deteriorated slightly on a sequential basis. Gross Non-Performing Assets (NPA) rose to 1.57 percent, compared to 1.28 percent at the end of the March 2025 quarter. Similarly, Net NPA increased to 0.45 percent from 0.33 percent in the previous quarter. The bank reported a significant spike in provisions during the quarter. Total provisions rose to ₹ 3,947 crore, up sharply from ₹ 1,359 crore in Q4FY25 and ₹ 2,039 crore in Q1FY25. The increase in provisions likely contributed to the dip in bottom-line profit and reflects a more cautious stance on credit risk. Axis Bank reported a strong operating performance for the June 2025 quarter (Q1FY26), with operating profit rising 14 percent year-on-year (YoY) and 7 percent sequentially to ₹ 11,515 crore. The bank's operating revenue grew 8 percent YoY, while operating expenses rose just 2 percent YoY and declined 5 percent quarter-on-quarter (QoQ), leading to positive operating jaws — a healthy indicator of efficiency gains. Non-interest income rose 25 percent YoY, driven by a 10 percent rise in fee income, with retail fee income growing 9 percent YoY. The bank also maintained a strong fee composition, with granular fees accounting for 91 percent of total fees. On the deposit front, total deposits grew 9 percent YoY on a monthly average balance (MEB) and quarterly average balance (QAB) basis. Within this, term deposits rose 12 percent, current account (CA) deposits grew 9 percent, and savings account (SA) deposits increased by 3 percent YoY. The bank continued to make notable progress in its focus segments. The combined mix of Small Business Banking (SBB), SME, and Mid-Corporate (MC) loans stood at ₹ 2,472 billion, forming 23 percent of total loans, reflecting an 820 basis points improvement over the past four years. SME loans grew 16 percent YoY and 2 percent QoQ, while corporate loans increased by 9 percent YoY and 6 percent QoQ. The mid-corporate segment expanded a strong 24 percent YoY. Axis Bank's overall Capital Adequacy Ratio (CAR) stood at 16.85 percent, with Common Equity Tier-1 (CET-1) ratio at 14.68 percent, representing a net accretion of 62 basis points YoY and 1 basis point during the quarter. The bank delivered a consolidated Return on Assets (RoA) of 1.51 percent and an RoA of 1.66 percent excluding technical impacts. Consolidated Return on Equity (RoE) stood at 13.57 percent, improving to 14.90 percent excluding technical adjustments. In the digital payments space, Axis Bank retained its market leadership in the UPI Payer PSP segment with a market share of approximately 32 percent. It also remained one of the largest players in the merchant acquiring business, holding a terminal market share of about 19.7 percent. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
26-05-2025
- Business
- Mint
Recommended stocks to buy today: Top stock picks by market experts for 26 May
Indian equities rebounded sharply on Friday, with the Nifty 50 rising 0.99% to close at 24,853 and forming a bullish daily candlestick, even as it ended the week down 0.69%, marking a bearish weekly close. The Sensex also gained 769 points to settle at 81,721. The market drew strength from a bounce off the 21-day EMA and broad-based sectoral gains—barring pharma—with IT, FMCG, and financials leading the rally. On to the top stock picks for today as recommended by some of India's top market experts. Top 3 stocks to buy today, recommended by Ankush Bajaj Buy: Axis Bank Ltd (current price: ₹1,210) Why it's recommended: On the daily chart, the stock has given a head and shoulder breakout, which is a bullish reversal pattern. The RSI is above 60, indicating strong momentum. On lower time frames, the stock has broken out of a falling wedge channel, which further confirms the bullish setup and suggests a potential rally in the stock. Resistance level: ₹1,235- ₹1,250 (short-term target zone) Support level: ₹1,195 (pattern invalidation level) Pattern: Head and shoulder breakout on daily chart; falling wedge breakout on lower time frame RSI: Bullish on both daily and lower time frames, confirming the breakout Technical analysis: The stock has broken out of two bullish patterns, showing strong price action and follow-through buying. The RSI adds further confirmation to the bullish structure. Sustaining above ₹1,210 increases the probability of reaching the target zone. Risk factors: Breakdown below ₹1,195 may invalidate the breakout. Broader market weakness or negative sentiment in the chemical sector may impact performance. Buy at: ₹1,210 Target price: ₹1,235- ₹1,250 in 4-5 days Stop loss: ₹1,195 Also read: Charge up your watch list with these five battery storage stocks Buy: Atul Ltd (current price: ₹7,203) Why it's recommended:On the daily chart, the stock has given a flag breakout, which is a bullish continuation pattern. On Thursday the stock gave a clear breakout with strong price action. On the lower time frame, ATUL has also given a triangle breakout, indicating renewed buying interest and strong momentum. These technical signals suggest a potential rally in the stock. Resistance level: ₹7,300– ₹7,320 (short-term target zone) Support level: ₹7,150 (pattern invalidation level) Pattern: Flag breakout on daily chart; triangle breakout on lower time frame RSI: Bullish on lower time frames, confirming the breakout Technical analysis: The breakout from both the flag and triangle patterns reflects strong bullish sentiment and follow-through buying. Sustaining above ₹7,203 increases the probability of the stock moving towards the ₹7,300- ₹7,320 target zone. Risk factors: Breakdown below ₹7,150 may invalidate the bullish setup. Any broader market weakness or sector-specific sentiment could impact the stock's movement. Buy at: ₹7,203 Target price: ₹7,300- ₹7,320 in 4-5 days Stop loss: ₹7,150 Buy: Jindal Steel (current price: ₹953) Why it's recommended: On the daily chart, the stock has given a triangle breakout around ₹922, leading to a strong rally. After the breakout, the stock faced some selling pressure on the lower time frame, but it is now trading at a major demand zone. This zone has historically seen buying interest, and a bounce is expected based on the price structure and support levels. Resistance level: ₹985- ₹990 (short-term target zone) Support level: ₹938 (pattern invalidation level) Pattern: Triangle breakout on daily chart; demand zone retest on lower time frame RSI: Consolidating but holding above key support levels Technical analysis: The breakout from the triangle on the daily chart triggered a rally, and the current pullback appears to be a healthy retracement to a demand zone. A bounce from these levels would confirm strength and could push the price towards the ₹985- ₹990 zone. Risk factors: Breakdown below ₹938 may invalidate the bullish view. Broader market weakness or sector-specific negative cues may also impact the stock's performance. Buy at: ₹953 Target price: ₹985- ₹990 in 4-5 days Stop loss: ₹938 Raja Venkatraman has recommended the following two stocks: Centum Electronics Ltd (current market price: ₹2,320) Strategy: Go long above ₹2,320 or on dips toward ₹2,240 with a stop loss below ₹2,200. Target: ₹2,550–2,650 in the next one month. Centum Electronics Ltd specializes in Electronic System Design and Manufacturing (ESDM). They design, manufacture, and export electronic products, including systems, subsystems, modules, and printed circuit board assemblies. The company caters to various sectors like defence, aerospace, space, medical, transportation, and industrial. Centum Electronics has demonstrated strong financial performance in Q4 2025, driven by strategic consolidation and operational efficiency. The company reported a 23.85% year-over-year revenue growth, increasing from ₹300.66 crore in Q4 FY24 to ₹372.38 crore in Q4 FY25. Additionally, its net profit turned positive, shifting from a ₹6.89 crore loss in Q4 FY24 to a ₹21.53 crore profit in Q4 FY25. This turnaround was largely due to cost-saving measures, including logistics optimization and supplier contract renegotiations, which led to 5-7% operational cost reductions across key verticals. After some major decline in the since December 2024 the prices saw a 'V' shaped recovery from March 2025 that slowly but steadily caught the attention of the retail participants. Further the steady interest that has been seen in the Defence space has managed to attract some strong attention to this counter. Since the last few weeks, the stock has witnessed a steady participation that saw the volume build up ahead of the numbers helping the prices nearly double from the lows. Also read: IndiGo's Q1 turbulence to be temporary as crude oil prices soften, capacity grows The revival seen in the last few days in May 2025 was indicating a upward climb coupled with some genuine buying at lower levels has once again triggered some upside. With the prices clearing the resistance zone (marked in a rectangle box) probability of heading higher is much higher. The long body candle formation and an uptick in momentum in the sector as a whole can be looked upon as an indication to go long. With the recent price move forming a nice long body formation suggests a potential rise towards 2700. The Trump Tariff, imposing a 26% duty on Indian exports, has posed challenges, particularly in the defence and aerospace segments. However, Centum Electronics has mitigated risks through regional trade diversification and enhanced credit guarantees for MSMEs, strengthening its financial stability. Linc Ltd (current market price: ₹150) Strategy: Go long above ₹152 or on dips to ₹145 with a stop below ₹140. Target: ₹169 in the next one month. Linc Ltd is a prominent manufacturer of writing instruments and stationery, with a strong national and international presence in over 60 countries. They have a wide range of products, including ball pens, gel pens, and other stationery items, and are the exclusive distributor for brands like Uni-ball and Deli in India. Linc has continued its strong financial growth in FY25, driven by strategic product diversification and operational efficiencies. The company reported a total income of ₹54,819 lakh, reflecting a 6.4% year-over-year increase, underscoring its resilience in a competitive market. A key driver of this expansion has been the Pentonic brand, whose contribution to overall sales rose from 34.3% in FY24 to 35.6% in FY25, strengthening Linc's foothold in the premium stationery segment. The company has maintained a healthy gross profit margin of 31.8%, supported by optimized manufacturing processes, raw material procurement strategies, and cost-saving initiatives that have boosted profitability. Net profit stood at ₹3,804 lakh, marking an 11.2% increase compared to the previous fiscal year, reinforcing its sustained profitability. This growth comes as Linc strategically expands beyond pens into markers, highlighters, and pencils, tapping into the broader stationery market, which is expected to surge from ₹6,640 crore to ₹38,500 crore. Also read: Nalco's growth streak hits speed bump on price slide, project delay fears The company's focus on premiumization, product innovation, and increased brand visibility has solidified its market positioning. Stocks to trade today as recommended by Trade Brains Portal ONGC (Current price: ₹ 244) Target price: ₹ 310 in 16-24 Months Stop-loss: ₹ 210 Why it's recommended: ONGC, India's largest producer of crude oil and natural gas, accounted for 71% of the country's output in FY25. The Maharatna PSU is diversified across seven energy segments, including upstream (52 MMToE), refining (46 MMTPA), LNG (22.5 MMTPA), and renewables (410 MW). The company reported a 1.5% YoY rise in FY25 revenue to ₹6.63 trillion, while profit fell 30.7% to ₹38,329 crore due to a sharp rise in exploration costs. ONGC invested ₹62,000 crore in capex, discovering nine new fields during the year. Its green push included acquiring PTC Energy (288.8 MW wind capacity) and Ayana Renewable (4.1 GW portfolio), furthering its goal of 10 GW in renewables by 2030. A final dividend of ₹1.25/share has been recommended, offering a 5.07% yield. Risk Factor: A large share of ONGC comes from the offshore region for both crude oil and natural gas. ONGC's top 15 producing fields account for about 80% of the production. Production in the mature fields, such as Mumbai High, a key asset for crude oil, and the Bassein asset in the western offshore region, crucial for natural gas, has been declining. Replacing the reserves and increasing the production capacity while maintaining a favourable cost structure will be a challenging issue for ONGC Gas. Tata Power (Current price: ₹ 401) Target price: ₹ 460 in 16-22 months Stop-loss: ₹ 370 Why it's recommended: Tata Power, India's largest vertically integrated power company, operates across thermal, hydro, renewables, transmission, and distribution. In FY25, its total generation capacity stood at 25.7 GW, including 16.8 GW from clean energy. The company leads in rooftop solar EPC with 13.1% market share and 2.86 GW installed, achieving 1.5 lakh rooftop solar installations. It also has a robust presence in EV charging (5,488 points in 600+ cities), international operations (487 MW across Georgia, Zambia, Indonesia, and Bhutan), and a growing 4.9 GW solar module manufacturing setup. In FY25, PAT (before exceptionals) rose 26% YoY to ₹5,197 crore, while revenue grew 4% to ₹69,167 crore. Transmission contributed the largest share (56.5%), followed by thermal (28.5%) and renewables (14%). EBITDA reached an all-time high of ₹14,468 crore, up 14% YoY. Risk Factor: The company's solar EPC business is exposed to interest rate fluctuations, as the loans availed by the projects under Tata Power are floating-rate loans, and lenders can reset interest rates annually. The proportion of floating-rate loans stands at 50% of total funds availed as of 31 March 2024. Also, the company faces counterparty credit risk, as almost half the operational portfolio is contracted with discoms having a weak-to-moderate credit profile. The average collection period of 129 days in FY24 remains high. Also read: Why Tata Power has stayed clear of the carbon credit market Two stocks recommended for today by MarketSmith India Multi Commodity Exchange of India Ltd (current price: ₹6,492.50) Why it's recommended: Financial strength, growth, risk management, and infrastructure Key metrics: P/E: NA | 52-week high: ₹ 7,048.60 | Volume: ₹ 287.08 crore Technical analysis: Cup-with-handle-base breakout Risk factors: Regulatory risks, operational risks Buy at: ₹6,492.5 Target price: ₹7,770 in three months Stop loss: ₹5,918 Relaxo Footwears Ltd (current price: ₹ 446.65) Why it's recommended: Strong brand portfolio, market position, and schools reopening Key metrics: P/E: 64.26 | 52-week high: ₹ 949 | Volume: ₹17.27 cr Technical analysis: Trendline breakout Risk factors: Input cost volatility, intense competition Buy at: ₹446.65 Target price: ₹520 in three months Stop loss: ₹418 Ankush Bajaj is a Sebi-registered research analyst. His registration number is INH000010441. Raja Venkatraman is co-founder, NeoTrader. His Sebi-registered research analyst registration no. is INH000016223. MarketSmith India: Trade name: William O'Neil India Pvt. Ltd; Sebi-registered research analyst registration number: INH000015543 Trade Brains Portal is a stock analysis platform. Its trade name is Dailyraven Technologies Pvt. Ltd, and its Sebi-registered research analyst registration number is INH000015729. Investments in securities are subject to market risks. Read all the related documents carefully before investing. Registration granted by Sebi and certification from NISM in no way guarantees performance of the intermediary or provide any assurance of returns to investors. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.
