Axis Bank rose 0.8% to Rs 514.45 at 10:31 IST on BSE after a large bulk deal of 35.55 lakh shares was executed on the scrip at Rs 509.10 per share in opening trade on the BSE today, 27 June 2016.
Meanwhile, the S&P BSE Sensex was down 31.87 points or 0.12% at 26,365.84
Bulk deal boosted volume on the Axis Bank scrip. On BSE, so far 36.72 lakh shares were traded in the counter as against average daily volume of 7.21 lakh shares in the past one quarter. The stock hit a high of Rs 517.90 and a low of Rs 508 so far during the day. The stock had hit a 52-week high of Rs 613.40 on 16 July 2015. The stock had hit a 52-week low of Rs 366.65 on 18 January 2016. The stock had underperformed the market over the past 30 days till 24 June 2016, falling 1.7% compared with 0.12% rise in the Sensex. The scrip, however, outperformed the market in past one quarter, gaining 16.64% as against Sensex's 4.18% rise.
The large-cap bank has equity capital of Rs 477.41 crore. Face value per share is Rs 2.
Axis Bank's net profit fell 1.2% to Rs 2154.28 crore on 9.8% rise in total income to Rs 13592.97 crore in Q4 March 2016 over Q4 March 2015.
Axis Bank is one of the biggest private sector banks in India.
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