Intraday Price Movement and Trading Activity
On the trading day, Axis Bank Ltd. reached an intraday peak of ₹1,362.45, representing a 3.18% increase over its prior closing price. This surge placed the stock just 0.56% shy of its 52-week high of ₹1,369.15, underscoring its proximity to a significant resistance level. The day’s gain of 3.1% notably outpaced the Sensex’s 0.38% rise, reflecting strong buying interest within the private sector banking space.
The stock’s performance was further highlighted by its outperformance of the private sector bank sector by 2.2% on the day. This relative strength was accompanied by the stock trading above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling sustained upward momentum across multiple timeframes.
Recent Performance Trends
Axis Bank Ltd. has been on a consistent upward trajectory, registering gains over the last three trading sessions. During this period, the stock has delivered an 8.05% return, significantly outperforming the Sensex, which recorded a modest 1.38% gain over the same timeframe. This streak of consecutive gains reflects a strengthening trend in the stock’s price action.
Looking at broader timeframes, the stock’s performance remains impressive. Over the past month, Axis Bank Ltd. has appreciated by 10.65%, contrasting with the Sensex’s decline of 2.37%. Similarly, its three-month return stands at 9.23%, while the Sensex has fallen by 2.72%. These figures highlight the stock’s resilience and relative strength amid broader market fluctuations.
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Longer-Term Performance and Market Context
Axis Bank Ltd.’s year-to-date performance stands at 7.46%, markedly outperforming the Sensex’s decline of 2.97%. Over a one-year horizon, the stock has surged 38.65%, compared to the Sensex’s 8.04% gain. Its three-year and five-year returns are 56.12% and 105.47%, respectively, both comfortably ahead of the Sensex’s 39.36% and 78.64% returns. Over a decade, the stock has appreciated by 234.02%, marginally surpassing the Sensex’s 232.46% increase.
This sustained outperformance reflects Axis Bank Ltd.’s strong positioning within the private sector banking industry and its ability to maintain growth momentum over extended periods.
Mojo Score and Rating Update
Axis Bank Ltd. currently holds a Mojo Score of 67.0, categorised as a Hold grade. This represents an upgrade from its previous Sell rating, which was revised on 15 Oct 2025. The stock’s Market Cap Grade is 1, indicating a large market capitalisation relative to its peers. The upgrade in rating aligns with the recent positive price action and improved technical indicators.
Market Environment and Sector Performance
The broader market environment on 29 Jan 2026 was characterised by a positive trend in the Sensex, which climbed 288.78 points to close at 82,657.74, a 0.38% increase. Despite opening flat with a minor change of 24.28 points, the index gained momentum throughout the session. The Sensex remains 4.24% below its 52-week high of 86,159.02.
While the Sensex is trading below its 50-day moving average, the 50DMA itself is positioned above the 200DMA, suggesting a cautiously constructive medium-term outlook. Mega-cap stocks led the market gains, contributing to the overall positive sentiment.
Within this context, Axis Bank Ltd.’s outperformance of both the Sensex and its sector peers underscores its relative strength and the focused trading interest it attracted during the session.
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Technical Indicators and Moving Averages
Axis Bank Ltd.’s trading above all major moving averages is a significant technical indicator. The stock is positioned above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, signalling a strong bullish trend across short, medium, and long-term periods. This technical alignment often attracts momentum-driven trading activity and supports sustained price appreciation.
The proximity to the 52-week high, just 0.56% away, suggests that the stock is testing key resistance levels, which may influence intraday volatility and trading volumes.
Summary of Intraday and Recent Performance
In summary, Axis Bank Ltd. recorded a strong intraday performance on 29 Jan 2026, with a 3.18% rise to ₹1,362.45. The stock’s gains outpaced both the Sensex and its sector, continuing a three-day winning streak that has delivered over 8% returns. Its technical positioning above all major moving averages and close approach to the 52-week high highlight a robust price trend. The upgrade in Mojo Grade from Sell to Hold further reflects improved market sentiment and technical strength.
These factors combined illustrate a day of notable strength for Axis Bank Ltd. within the private sector banking segment and the broader equity market.
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