AXISBANK.NS Stock Today: January 28 Rally Lifts Market Cap Past Kotak
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.
Rally lifts market cap above Kotak
The axis bank share price traded strong through the session, hitting ₹1,369.4, above the prior 52-week high of ₹1,333.2, before easing to ₹1,319.8. The stock is up 38.8% over 1 year and 21.1% over 6 months. Volume at 1.54 crore shares topped the 20-day average. Momentum stayed firm with RSI at 65.3 and ADX at 28.8, signaling a strong trend.
Axis Bank’s market cap stood near ₹4.09 lakh crore, overtaking Kotak Mahindra Bank at about ₹4.06 lakh crore as KOTAKBANK.NS slipped 2.5%. The shift follows Q3 results and fresh Buy calls from Citi and Bernstein, pointing to a re-rating. The axis bank share price has also benefitted from steady growth and improving operating leverage, even as margins across the sector remain tight. See Moneycontrol.
Q3 numbers driving sentiment
Axis Bank reported Q3 FY26 net profit of ₹6,490 crore, up 3% year on year, with NII at ₹14,287 crore, up 5%. NIM printed at 3.64%. The axis bank share price reacted to better-than-feared metrics, helped by loan growth and controlled costs. While margins are softer across banks, investors are focusing on growth resilience and stable profitability. See Times of India.
Post results, global brokerages issued Buy calls, citing scope for earnings compounding and a valuation catch-up. The axis bank share price re-rating case rests on improving return ratios and sustained loan growth. NIM stability will be key through FY26. We also note the next scheduled results around 23 April 2026, which should update the margin and credit cost trajectory for the year.
Valuation check and technical setup
At current levels, Axis Bank trades at about 15.8x TTM earnings and 2.05x book, while Kotak is near 21.9x and 2.58x book. This gap supports a re-rating narrative if growth sustains. The axis bank share price is now above the 50-DMA ₹1,268 and 200-DMA ₹1,187, a constructive sign. Consistent delivery on ROE near mid-teens would further justify the premium.
Momentum is strong: MACD positive, CCI over 150, and ATR near ₹18.6. The axis bank share price faces immediate supply near ₹1,370, with support at ₹1,300 and ₹1,258. A clean breakout above ₹1,370 could open room toward ₹1,390–₹1,410. A close back below ₹1,300 may invite profit-taking. Position sizing matters given higher intraday swings.
What to watch next
Credit growth, deposit costs, and RBI policy will steer near-term moves. The axis bank share price could stay sensitive to deposit repricing and liquidity trends. Watch how Axis balances loan growth with margins, and track competitive responses from Kotak Mahindra Bank and peers on pricing, fee income, and digital acquisition to sustain share gains.
Investors should track management commentary on margins, fees, and credit costs in upcoming updates, with the next result slated around 23 April 2026. The axis bank share price may also react to system liquidity data and rate signals. Keep an eye on any changes in brokerage stances after monthly business updates and the Q4 print.
Final Thoughts
Today’s move saw Axis Bank notch a new high and edge past Kotak on market cap, backed by steady Q3 numbers and positive broker views. The axis bank share price now trades above key moving averages with strong momentum, but near-term swings can be sharp around resistance at ₹1,370. We think investors should track NIM stability, deposit growth, and credit costs into Q4. Valuations still look reasonable versus peers if ROE improves. For active traders, watch ₹1,300–₹1,370 as the near-term range. As always, align decisions with risk limits and time horizon.
FAQs
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.
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.
Disclaimer:
The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.
