Axis Bank Ltd. Hits Intraday High with 3.44% Surge on 3 Feb 2026

Intraday Price Movement and Volatility

On the trading day, Axis Bank opened with a notable gap up of 4.4%, signalling strong buying interest from the outset. The stock reached its peak intraday price of Rs 1418.3, representing a 7.62% increase from the previous close. This surge was accompanied by high volatility, with an intraday volatility measure of 201.34% calculated from the weighted average price, underscoring active trading and price fluctuations throughout the session.

Despite the strong gain, Axis Bank underperformed its sector benchmark by 1.36% on the day, reflecting a mixed performance within the private sector banking space. Nevertheless, the stock reversed a two-day losing streak, signalling renewed strength in its price action.

Technical Indicators and Moving Averages

Axis Bank’s price currently trades above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This alignment suggests a sustained upward trend and technical resilience. The stock’s Mojo Score stands at 67.0, with a Mojo Grade upgraded to Hold from Sell as of 15 October 2025, reflecting an improved but cautious outlook based on MarketsMOJO’s proprietary analysis.

Comparative Market Context

The broader market, represented by the Sensex, experienced a volatile session on the same day. After opening 3,656.74 points higher, the index lost momentum and declined by 1,414.56 points, closing at 83,908.64, down 2.75%. The Sensex remains 2.68% below its 52-week high of 86,159.02. Notably, the Sensex is trading below its 50-day moving average, although the 50-day average remains above the 200-day average, indicating a mixed medium-term trend.

In contrast, Axis Bank outperformed the Sensex on the day, registering a 3.35% gain versus the Sensex’s 2.79% rise. This outperformance extends over multiple time frames, with the bank’s one-week, one-month, three-month, and year-to-date returns all exceeding those of the benchmark index.

Performance Metrics Over Various Periods

Axis Bank’s performance relative to the Sensex over key periods is as follows:

• One week: +3.62% vs Sensex +2.55%
• One month: +7.27% vs Sensex -2.12%
• Three months: +10.35% vs Sensex -0.04%
• Year to date: +7.35% vs Sensex -1.50%
• One year: +37.64% vs Sensex +8.76%
• Three years: +54.29% vs Sensex +37.97%
• Five years: +85.66% vs Sensex +67.04%
• Ten years: +257.90% vs Sensex +246.55%

These figures highlight Axis Bank’s consistent outperformance over both short and long-term horizons, reinforcing its position as a leading private sector bank in the Indian market.

Market Capitalisation and Sector Positioning

Axis Bank holds a Market Cap Grade of 1, indicating its status as a large-cap entity within the private sector banking industry. The bank’s Mojo Grade upgrade from Sell to Hold in October 2025 reflects an improvement in its fundamental and technical parameters as assessed by MarketsMOJO’s scoring system.

Within the private sector banking sector, Axis Bank’s trading above all major moving averages and its recent price surge to new highs underscore its current strength relative to peers. The stock’s high intraday volatility today also suggests active participation from market participants, contributing to its dynamic price action.

Trading Activity and Volatility Insights

The stock’s intraday volatility of 201.34% is notably elevated, indicating significant price swings during the session. Such volatility often reflects heightened trading volumes and investor engagement, which can be attributed to the stock’s gap up opening and subsequent rally to its peak price.

Axis Bank’s ability to sustain levels above its key moving averages throughout the day further confirms the robustness of its current trend. This technical strength is particularly relevant given the broader market’s retreat from its opening gains.

Summary of Today’s Trading Session

In summary, Axis Bank Ltd. demonstrated strong intraday performance on 3 February 2026, hitting a new 52-week and all-time high of Rs 1418.3. The stock’s 7.62% intraday rise, combined with a 4.4% gap up opening and high volatility, highlights significant market activity and positive momentum. Despite a broader market pullback, Axis Bank outperformed the Sensex and its sector, supported by favourable technical indicators and an upgraded Mojo Grade.

Investors and market watchers will note the stock’s sustained strength across multiple time frames and its leadership within the private sector banking space, as reflected in its market capitalisation and relative performance metrics.

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