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01-01-1970 12:00 AM | Source: Accord Fintech
Axis Bank surges on reporting around 3-fold jump in Q3 consolidated net profit
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Axis Bank is currently trading at Rs. 737.45, up by 33.10 points or 4.70% from its previous closing of Rs. 704.35 on the BSE.

The scrip opened at Rs. 713.70 and has touched a high and low of Rs. 744.40 and Rs. 708.60 respectively. So far 510209 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 866.60 on 25-Oct-2021 and a 52 week low of Rs. 617.00 on 28-Jan-2021.

Last one week high and low of the scrip stood at Rs. 736.75 and Rs. 688.30 respectively. The current market cap of the company is Rs. 226552.67 crore.

The promoters holding in the company stood at 9.71%, while Institutions and Non-Institutions held 77.65% and 12.64% respectively.
 
Axis Bank has reported over 3-fold jump in its net profit at Rs 3,614.24 crore for third quarter ended December 31, 2021 as compared to Rs 1,116.60 crore for the same quarter in the previous year. Total income of the company increased by 14.97% at Rs 21,101.48 crore for Q3FY22 as compared Rs 18,354.60 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported around 3-fold jump in its net profit at Rs 3,973.07 crore for the quarter under review as compared to Rs 1,334.84 crore for the same quarter in the previous year. Total income of the company increased by 16.32% at Rs 22,091.19 crore for Q3FY22 as compared Rs 18,991.14 crore for the corresponding quarter previous year.