Axis Bank traded at 1,234.50 this Monday May 18th, decreasing 10.30 or 0.83 percent since the previous trading session. Looking back, over the last four weeks, Axis Bank lost 8.87 percent. Over the last 12 months, its price rose by 2.64 percent. Looking ahead, we forecast Axis Bank to be priced at 1,218.16 by the end of this quarter and at 1,141.62 in one year, according to Trading Economics global macro models projections and analysts expectations.
Axis Bank Limited (the Bank) provides commercial banking operations for retail and corporate customers. The Bank's segments include Treasury, Retail Banking, Corporate/Wholesale Banking and Other Banking Business. Its Treasury operations include investments in sovereign and corporate debt, equity and mutual funds, trading operations, derivative trading and foreign exchange operations on the proprietary account and for customers. Its Retail Banking constitutes lending to individuals/small businesses and activities include liability products, card services, Internet banking, mobile banking and financial advisory services, among others. Its Corporate Banking includes corporate relationships not included under Retail Banking, corporate advisory services, placements and syndication, project appraisals, capital market related services and cash management services. Its Other Banking Business includes para banking activities, such as third-party product distribution and banking transactions.