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Axis Bank Ltd drops for fifth straight session

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Axis Bank Ltd is quoting at Rs 1127.85, down 2.2% on the day as on 13:19 IST on the NSE. The stock jumped 13.6% in last one year as compared to a 25.93% rally in NIFTY and a 16.7% spurt in the Nifty Bank index.

Axis Bank Ltd fell for a fifth straight session today. The stock is quoting at Rs 1127.85, down 2.2% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.8% on the day, quoting at 24772.15. The Sensex is at 81032.19, down 0.58%.Axis Bank Ltd has eased around 9.08% in last one month.Meanwhile, Nifty Bank index of which Axis Bank Ltd is a constituent, has eased around 2.9% in last one month and is currently quoting at 51801.05, down 1.12% on the day. The volume in the stock stood at 38.28 lakh shares today, compared to the daily average of 99.99 lakh shares in last one month.

 

The benchmark October futures contract for the stock is quoting at Rs 1131.35, down 2.28% on the day. Axis Bank Ltd jumped 13.6% in last one year as compared to a 25.93% rally in NIFTY and a 16.7% spurt in the Nifty Bank index.

The PE of the stock is 14.2 based on TTM earnings ending June 24.

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First Published: Oct 17 2024 | 1:35 PM IST

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