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AXIS Bank inches up after strong Q3 earnings

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Capital Market

AXIS Bank rose 0.9% to Rs 1,188.80 at 12:43 IST on BSE after net profit rose 19.06% to Rs 1604.11 crore on 9.94% growth in total income to Rs 9433.55 crore in Q3 December 2013 over Q3 December 2012.

The Q3 result was announced during trading hours today, 16 January 2014.

Meanwhile, the S&P BSE Sensex was down 47.87 points or 0.22% at 21,241.62.

On BSE, so far 2.14 lakh shares were traded in the counter as against average daily volume of 3.11 lakh shares in the past one quarter.

The stock hit a high of Rs 1,197.95 and a low of Rs 1,180.40 so far during the day. The stock had hit a 52-week high of Rs 1,549 on 20 May 2013. The stock had hit a 52-week low of Rs 764 on 4 September 2013.

 

The stock had underperformed the market over the past one month till 15 January 2014, declining 4.98% compared with the Sensex's 2.77% rise. The scrip had, however, outperformed the market in past one quarter, surging 8.95% as against Sensex's 3.61% rise.

The large-cap bank has equity capital of Rs 469.26 crore. Face value per share is Rs 10.

AXIS Bank is the third largest private sector bank in India. The bank also has overseas offices in UK, Singapore, Hong Kong, Shanghai, Colombo, Dubai and Abu Dhabi.

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First Published: Jan 16 2014 | 12:43 PM IST

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