Axis Bank rose 1.92% to Rs 1,225 at 12:30 IST on BSE, with the stock recovering on bargain hunting after 6-day 8.57% slide.
Meanwhile, the S&P BSE Sensex was up 18.49 points or 0.1% at 18,244.97.
On BSE, 70,000 shares were traded in the counter as against average daily volume of 1.68 lakh shares in the past one quarter.
The stock hit a high of Rs 1,225 and a low of Rs 1,201 so far during the day. The stock had hit a 52-week high of Rs 1,519 on 1 February 2013. The stock had hit a 52-week low of Rs 922 on 18 May 2012.
The stock had underperformed the market over the past one month till 9 April 2013, sliding 14.59% compared with the Sensex's 7.4% fall. The scrip had also underperformed the market in past one quarter, declining 10.89% as against Sensex's 7.32% fall.
The large-cap private sector bank has equity capital of Rs 467.95 crore. Face value per share is Rs 10.
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Shares of Axis Bank had declined 8.57% in six trading sessions to settle at Rs 1,201.90 on Tuesday, 9 April 2013, from a recent high of Rs 1,314.60 on 1 April 2013.
Axis Bank's net profit rose 22.2% to Rs 1347.22 crore on 19.1% growth in total income to Rs 8580.30 crore in Q3 December 2012 over Q3 December 2011. The bank unveils FY 2013 results on 24 April 2013.
Axis Bank is the third largest private sector bank in India. Axis Bank offers the entire spectrum of services to customer segments covering large and mid-corporates, SME, agriculture and retail businesses.
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