Axis Bank rises on reporting 11% rise in Q2 consolidated net profit
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Axis Bank is currently trading at Rs. 962.30, up by 6.95 points or 0.73% from its previous closing of Rs. 955.35 on the BSE.
The scrip opened at Rs. 959.85 and has touched a high and low of Rs. 969.00 and Rs. 953.30 respectively. So far 61272 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1047.45 on 20-Sep-2023 and a 52 week low of Rs. 814.25 on 16-Mar-2023.
Last one week high and low of the scrip stood at Rs. 992.95 and Rs. 951.55 respectively. The current market cap of the company is Rs. 294450.66 crore.
The promoters holding in the company stood at 8.22%, while Institutions and Non-Institutions held 82.03% and 9.76% respectively.
Axis Bank has reported 10.02% rise in its net profit at Rs 5863.56 crore for the quarter ended September 30, 2023 as compared to Rs 5329.77 crore for the same quarter in the previous year. Total income of the Bank increased by 31.40% at Rs 31660.26 crore for Q2FY24 as compared Rs 24094.33 crore for the corresponding quarter previous year.
On consolidated basis, the Bank has reported 10.53% rise in its net profit at Rs 6217.68 crore for the second quarter ended September 30, 2023 as compared to Rs 5625.25 crore for the same quarter in the previous year. Total income of the Bank increased 31.58% at Rs 33122.23 crore for Q2FY24 as compared Rs 25173.05 crore for the corresponding quarter previous year.
