Axis Bank Limited, together with its subsidiaries, engages in the provision of various banking and financial products and services. It operates through four segments: Treasury, Retail Banking, Corporate/Wholesale Banking, and Other Banking Business. The Treasury segment is involved in investments in sovereign and corporate debt, and equity and mutual funds, as well as in trading operations, derivative trading, and foreign exchange operations. The Retail Banking segment engages in the provision of lending services to individuals/small businesses; liability products; card services, including credit, debit, and forex cards; internet banking, mobile banking, and ATM services; retail term deposits; financial advisory services; NRI and digital banking services; bill payment and wealth management services; and distribution of third-party product, such as life and non-life insurance, mutual funds, government bonds, etc. The Corporate/Wholesale Banking segment offers business lending, corporate advisory, placements and syndication, project appraisals, current and corporate term deposits, payments, trade finance products, letter of credits, bank guarantees, commercial cards, cash management, project appraisals, and capital market related services. The Other Banking Business segment is involved in para banking activities. It also engages in investments, broking, asset management, and trustee service and payment activities; operation of MSME digital invoice discounting platform; and government small saving schemes and pension schemes. The company operates multiple branches; ATMs; and recyclers in India. It also has international offices with branches in Singapore and Dubai, and representative offices in Dhaka, Dubai, Abu Dhabi, and Sharjah. The company was formerly known as UTI Bank Limited and changed its name to Axis Bank Limited in July 2007. Axis Bank Limited was incorporated in 1993 and is headquartered in Mumbai, India.
Revenue projections:
Revenue projections for AXISBANK With AXISBANK's revenue forecasted to drop below last year's level, investors are expected to take a cautious stance. Such declines typically affect a company's bottom line, reducing profitability and making investors hesitant to invest heavily in the company until financial performance improves.
Financial Ratios:
currentRatio
0.00000
forwardPE
12.74613
debtToEquity
0.00000
earningsGrowth
-0.25500
revenueGrowth
-0.06000
grossMargins
0.00000
operatingMargins
0.41287
trailingEps
83.44000
forwardEps
0.00000
AXISBANK's Forward PE being in a good range indicates that the stock is valued appropriately based on its earnings. This suggests the stock is not overpriced and leaves room for growth, providing investors with an opportunity for potential appreciation in value. AXISBANK's low earnings and revenue growth highlight a potential decline in profitability. This suggests that the company's financial health may be weakening, and profits could shrink as a result. Axis Bank Limited's negative gross and operating margins indicate that the company is operating at a loss. This reflects an inability to cover production costs and operational expenses, which could undermine its financial stability.
Price projections:
Price projections for AXISBANK Over time, price projections for AXISBANK have gradually risen, signaling growing optimism about the company's future. This upward revision reflects increasing confidence in AXISBANK's ability to achieve strong financial results.
Insider Transactions:
Insider Transactions for AXISBANK
2 AXISBANK transactions were recorded, when the market price was 1284.949951171875.1 transactions to buy AXISBANK occurred, with market price at 1225.0999755859375.The ongoing selling activity at AXISBANK's current price levels suggests a potential risk of further declines. If more investors continue to sell, this trend could lead to continued downward pressure on the stock's price.
Recommendation changes over time:
Recommendations trend for AXISBANK
AXISBANK has garnered a buy bias from analysts recently, suggesting the stock is a good investment opportunity. This may lead to increased investor interest, as AXISBANK is seen as a reliable place to park money for those looking to benefit from potential market gains and company growth.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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