Axis Bank Shares Drop in Morning Trade; Dip Nearly 4% 

Mumbai, April 27: Axis Bank shares were among Monday’s most dramatic casualties, crashing sharply from the very first minute of trading. Opening with a big gap down on Saturday night results that sent investors scrambling for the exits, Axis Bank’s intraday price chart is ugly beyond words. In the pre-market hours, shares rocketed up to a high of around ₹1,400, before plummeting down to an intra-day low of around ₹1,260 just minutes after the markets opened — an incredibly violent intraday swing of more than ₹140 that shows just how displeased investors were with the bank’s Q4 earnings reported over the weekend.

By 9: 15 am, when the markets officially opened for the day, shares opened at around ₹1,303 — already down sharply from its previous close at ₹1,365.90 — before finding a tight trading range between ₹1,300 and ₹1,320 for most of the day’s session, failing to recover any ground.

At 10: 30 am, shares were last trading at ₹1,314, ₹51.90 (3.80%) lower than Friday’s closing price of ₹1,365.90. Shares had traded as high as ₹1,342.30 in the hour since but found plenty of selling interest around the ₹1,320 level. It currently trades almost 10% below its weekly high of ₹1,454.45 on April 19, and is trading at its lowest level since April 17.

Weekly Chart

Axis Bank opened at around ₹1,355 on April 20 and moved up to around ₹1,376 by the week’s high on April 21, riding general market optimism that helped bank stocks climb on the day. Shares opened at around ₹1,375 on April 22nd and eased to around ₹1,369 on April 23 before closing Thursday’s session at ₹1,362.50. A gradual decline over the course of the week gave traders little reason to believe that the bank’s Q4 earnings would spark such a gap-down on Monday. With a weekly decline of around -2.85% (versus Nifty 50’s -1.30%), Axis Bank was already an underperformer heading into Monday.

As of writing, the order book shows a slight sell-side bias of 51.12% (3,91,142 shares on ask) versus 48.88% (3,73,972 shares on bid). Buys and sells are fairly balanced, which explains why shares have been able to find a tight trading range between ₹1,300–₹1,320 instead of continuing lower. The top 5 bid prices are parked between ₹1,313.30 and ₹1,313.70, while the top ask prices are between ₹1,314.30 and ₹1,314.70. Liquidity is healthy with a spread of just ₹1 between bids and asks.

Notice how there are 2,694 shares waiting to sell at ₹1,314.70 and 1,427 shares waiting to sell at ₹1,314.40. There are heavier concentrations of shares on the ask side, suggesting that buyers may run into overhead supply fairly quickly if prices do mount a recovery here.

Finally, year-to-date gains of 9.20% and long-term gains of 12.84% (1 year) and 88.14% (5 years) suggest that this is likely a short-term negative rather than the start of a longer-term trend lower.

On Saturday, Axis Bank reported a standalone net profit of ₹7,071 crore for Q4 FY26, marginally lower than Street expectation. This represents a year-on-year decline of 0.64% from ₹7,118 crore in Q4 FY25 though marks a sequential increase of 9% from ₹6,477 crore in Q3 FY26.

Axis Bank’s Net Interest Income rose 5% YoY to ₹14,457 crore for the quarter. NIM stood at 3.62%. Interest income was up 4.7% to ₹32,724 crore while interest expense was also up 4.7% to ₹18,267 crore. The unchanged NIM disappointed investors.

MD & CEO Amitabh Chaudhry noted in his commentary that the bank was “conscious of the global macro and geopolitical situation shaping up” and that it was entering FY27 with “confidence and optimism”. Clearly, investors weren’t buying what he was selling this morning.

Source:

• https://www.nseindia.com/get-quote/equity/AXISBANK/Axis-Bank-Limited