The net profit of Axis bank is seen dropping in Q2

All eyes are now set on the Q2FY17 results of the country's third largest private sector lender. The market is expecting Axis Bank to report a 14.6 percent decline in second-quarter profit at Rs 1,636.7 crore as against year-ago period, according to the polls of analysts.

The anticipation of the fall in the net profit of Axis Bank in the second Quarter has not yet impacted Axis Bank share price, which continues to trade at the greener side of the market.

Provisions will be closely monitored for profit growth. The difference between interest earned and interest expended, i.e. the Net interest income, may go up 12.3 per cent year-on-year to Rs 4,562.4 crore on strong loan growth that is likely to be around 18-19 per cent in the second quarter of this financial year.

At 11:00 AM, Axis Bank share price is trading at Rs. 525.55 with 0.77% rise as compared to the 0.37% decline in the Benchmark Index Nifty.

Main things to watch out for would be asset quality movement, slippages from watch list and net interest margin. The total amount of loans in the watch list were Rs 22,857 crores, which is 6.6 per cent of the loan book and slippages from watch list were Rs 2,680 crore in the first quarter of this financial year.

Today, Axis Bank share price opened at Rs. 520.90, lower than its previous close of Rs. 521.55. The stock traded at the intraday high of Rs. 527.80 and the low of 520.10.

Analysts say if gross non-performing assets slips below 2.75 per cent, which was at 2.54 per cent in the first quarter, net interest margin at or above 3.8 per cent, which was 3.79 per cent in the first quarter, then that, will be positive.

Axis Bank is the top 500 performing stock for the quarter as identified by the Dynamic Levels. For the support and resistance levels of the stock, visit Axis Bank share price forecast page of Dynamic Levels website.