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Axis Bank shares up after net profit rises 22%

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Reuters
Last Updated : Jan 25 2013 | 5:33 AM IST

Axis Bank shares gained as much as 3.2 per cent after posting a 22.2 per cent jump in July-September earnings. The bank's second-quarter earnings were four per cent ahead of estimates on a pick-up in fee income (up 17 per cent on quarter) and margin expansion (up 10 basis points on quarter), Credit Suisse said in a note, maintaining an ‘outperform’ on the stock.

 

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First Published: Oct 17 2012 | 12:00 AM IST

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