Why is the axis bank share price rising today?

A strong Q3 print and upbeat broker commentary boosted sentiment. Net profit was ₹6,490 crore, NII ₹14,287 crore, and NIM 3.64%. The stock also hit a new intraday high and crossed Kotak in market cap, signaling confidence in growth and a potential re-rating.

Did Axis Bank overtake Kotak Mahindra Bank in market cap?

Yes. Axis Bank’s market value is about ₹4.09 lakh crore versus Kotak Mahindra Bank at roughly ₹4.06 lakh crore after today’s move. The crossover followed Axis’s results-led rally and softer trade in Kotak. See coverage on [Moneycontrol](https://www.moneycontrol.com/banking/axis-bank-overtakes-kotak-in-market-cap-after-earnings-fuelled-rally-article-13794254.html).

What do Axis Bank’s Q3 results indicate for margins?

NIM came in at 3.64%, reflecting sector-wide pressure from higher deposit costs. Even so, NII grew 5% year on year, and profit rose 3%. The focus now is on margin stability in Q4 and FY26 as deposits reprice and loan growth continues.

What levels should traders watch on Axis Bank?

Near-term resistance is around ₹1,370. Supports sit near ₹1,300 and ₹1,258. Momentum is strong with RSI near 65 and ADX around 29. A sustained close above ₹1,370 could extend gains, while a dip below ₹1,300 may trigger profit-taking.

Global Market Insights

AXISBANK.NS Stock Today: January 28 Rally Lifts Market Cap Past Kotak

ByDanny Kontos January 28, 2026January 28, 2026

The axis bank share price surged on January 28, extending its post-results momentum. AXISBANK.NS rose to ₹1,319.8 intraday, up 4.9%, after a prior 5% jump, briefly touching ₹1,369.4. Market value hit about ₹4.09 lakh crore, moving above Kotak Mahindra Bank. Q3 highlights include net profit of ₹6,490 crore, NII of ₹14,287 crore, and NIM of 3.64%. Brokers turned positive, citing better growth visibility despite margin pressure. We break down the drivers, levels to watch, and what this means for Indian investors.