Q2 impact: Upside of up to 14% on cards for ITC, Axis Bank, Dixon Tech

Among prominent stocks, ITC, Dixon Technologies, Axis Bank and Bajaj Finance seem poised to rally up to 14 per cent; whereas Asian Paints is seen testing the crucial 200-DMA level at Rs 3,131.

Shares of Axis Bank, Dixon Technologies (India) and ITC logged strong gains Friday as these companies beat Street estimates on the earnings front for the July-September quarter (Q2FY23). Axis Bank zoomed 6 per cent, Dixon Technologies (India) spiked 3 per cent and ITC added 0.50 per cent in intra-day trade so far. 

After clocking a 70 per cent yearly rise in net profit for the quarter, Axis Bank touched a new historic peak of Rs 879, leaping over its previous high registered in 2021.

ITC too claimed an all-time high of Rs 353.20, as of 10:30 am, helped by