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Axis Bank Gains 4%; BSE BANKEX Index Up 3.0%
Wed, 19 Jun 14:45

Axis Bank share price has zoomed 4% and is presently trading at Rs 1,242.0.

Meanwhile, the BSE BANKEX index is at 59,060.2 (up 3.0%).

Among the top gainers in the BSE BANKEX index today are ICICI Bank (up 3.7%) and HDFC Bank (up 3.5%).

Bank of Baroda (down 0.1%) is among the top losers today.

Over the last one year, Axis Bank has moved up from Rs 977.8 to Rs 1,242.0, registering a gain of Rs 264.2 (up 27.0%).

On the other hand, the BSE BANKEX index has moved up from 49,814.2 to 59,060.2, registering a gain of 18.6% during the last 12 months.

The top gainers among the BSE BANKEX index stocks during this same period were Bank of Baroda (up 53.1%), SBI (up 49.1%) and Federal Bank (up 42.2%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 77,793.9 (up 0.6%).

The top gainers among the BSE Sensex today are ICICI Bank (up 3.7%) and HDFC Bank (up 3.5%). The most traded stocks in the BSE Sensex are HDFC Bank and Tata Steel.

In the meantime, NSE Nifty is at 23,642.0 (up 0.4%). ICICI Bank and HDFC Bank are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,228.5 to 77,793.9, registering a gain of 14,565.4 points (up 23.0%).

Axis Bank Financial Update...

Axis Bank net profit grew 241.7% YoY to Rs 76,136 million for the quarter ended March 2024, compared to a loss of Rs 53,712 million a year ago. Net sales rose 22.7% to Rs 302,306 million during the period as against Rs 246,297 million in January-March 2023.

For the year ended March 2023, Axis Bank reported 23.4% decrease in net profit to Rs 108,185 million compared to net profit of Rs 141,193 million during FY22. Revenue of the company grew 27.0% to Rs 874,484 million during FY23.

The current Price to earnings ratio of Axis Bank, based on rolling 12 month earnings, stands at 14.5.

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