Axis Bank Stock Outperforms Sensex Across Multiple Time Frames

Axis Bank, a prominent player in the private sector banking industry, has shown notable performance metrics today. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend in its price movement.
In terms of performance, Axis Bank has outpaced the Sensex across various time frames. Over the past year, the bank's stock has increased by 1.15%, compared to the Sensex's 0.36% gain. In the short term, Axis Bank has demonstrated resilience with a 0.22% rise today, while the Sensex experienced a slight decline of 0.02%.

Looking at the weekly performance, Axis Bank has risen by 2.04%, outperforming the Sensex's 0.96%. The monthly performance is particularly strong, with a 12.36% increase for Axis Bank against the Sensex's 0.81%. Year-to-date, the bank's stock has appreciated by 10.72%, significantly higher than the Sensex's 4.63%. Over the longer term, Axis Bank has also shown impressive growth, with a 56.50% increase over three years and a remarkable 152.67% rise over five years, compared to the Sensex's respective gains of 40.50% and 101.83%.