Thursday 21 January 2016

Axis Bank surges 4%; Q3 net profit up 15%

The bank recorded a rise of 15% in its net profit at Rs.2,175 crore for the quarter ended December 31, 2015 as compared to Rs.1,889.7 crore for the quarter ended December 31, 2014.


Axis Bank
Axis Bank stock was higher by 4% at Rs. 404 after the company posted Q3 results.

The bank recorded a rise of 15% in its net profit at Rs.2,175 crore for the quarter ended December 31, 2015 as compared to Rs.1,889.7 crore for the quarter ended December 31, 2014.

The banks total income has increased by 14.6% at Rs.12,531.1 crore for the quarter against Rs.10,928.8 crore in the corresponding quarter of the previous year.

The scrip opened at Rs. 398.3 and has touched a high and low of Rs. 412.4 and Rs. 398.3 respectively. So far 7038062(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 92476.94 crore.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 655.35 on 04-Mar-2015 and a 52 week low of Rs. 366.65 on 18-Jan-2016. Last one week high and low of the scrip stood at Rs. 399.5 and Rs. 366.65 respectively.

The promoters holding in the company stood at 29.54 % while Institutions and Non-Institutions held 56.66 % and 9.93 % respectively.
The stock is currently trading above its 200 DMA.

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