The shares jumped 2.70 per cent to settle at Rs 567.85 on BSE. During the day, it gained 5.26 per cent to Rs 582.
The stock was the biggest gainer among the 30-Sensex constituents.
On NSE, it went up 2.87 per cent to end at Rs 567.80.
The stock had gained over 3 per cent yesterday also.
Axis Bank's net profit went up to Rs 2,180.59 crore for the March quarter, from Rs 1,842 crore a year ago.
For the entire fiscal of 2014-15, the bank's net profit grew 18.3 per cent to Rs 7,357.82 crore, compared with Rs 6,217.67 crore during 2013-14.