This week, investors saw varying performances from Axis Bank and ICICI Bank shares. Here’s a look at the week’s trends for both banks, providing insights into their respective stock price movements, market cap, and other financial ratios.
Weekly Comparison: Axis Bank vs ICICI Bank
| Metrics | Axis Bank | ICICI Bank |
|---|---|---|
| Weekly Change | +0.63% | -1.55% |
| Closing Price (Nov 8) | ₹1,161.40 | ₹1,259.00 |
| Market Cap | ₹3.59 Trillion | ₹8.88 Trillion |
| P/E Ratio | 12.93 | 19.01 |
| Dividend Yield | 0.09% | 0.79% |
| Year Range | ₹980.35 – ₹1,339.65 | ₹914.75 – ₹1,362.35 |
Axis Bank: Key Highlights
- Axis Bank’s share price saw a slight gain of 0.63% over the week, closing at ₹1,161.40 on November 8.
- The stock traded within a day range of ₹1,151.10 to ₹1,167.75 on November 8.
- With a market cap of ₹3.59 trillion, Axis Bank’s P/E ratio stands at 12.93, making it relatively more affordable compared to ICICI Bank.
ICICI Bank: Key Highlights
- ICICI Bank experienced a decline of 1.55% over the week, closing at ₹1,259.00 on November 8.
- On November 8, the stock’s day range was ₹1,252.70 to ₹1,275.00.
- ICICI Bank’s higher market cap of ₹8.88 trillion reflects its larger footprint in the banking sector, and it has a P/E ratio of 19.01.
Summary
Both Axis Bank and ICICI Bank exhibited contrasting performances this week, with Axis Bank seeing modest gains and ICICI Bank experiencing a slight decline. Investors looking for value might find Axis Bank’s lower P/E ratio appealing, while ICICI Bank’s higher market cap and dividend yield provide strong fundamentals.
Disclaimer: This article is for informational purposes only and should not be construed as financial advice. Investors are advised to perform their own research or consult with a financial advisor before making any investment decisions.
