Axis Bank jumps after strong Q1 numbers

Axis Bank jumped 3.71% to Rs 1,237 at 15:02 IST on BSE after net profit jumped 22.14% to Rs 1408.93 crore on 15.87% increase in total income to Rs 9059.12 crore in Q1 June 2013 over Q1 June 2012.

The result was announced during trading hours today, 18 July 2013.

Meanwhile, the S&P BSE Sensex was up 138.52 points, or 0.69%, to 20,087.25.

On BSE, 5.95 lakh shares were traded in the counter as against an average daily volume of 1.63 lakh shares in the past one quarter.

The stock hit a high of Rs 1,244 and a low of Rs 1,157 so far during the day. The stock had hit a 52-week high of Rs 1,549 on 20 May 2013. The stock had hit a 52-week low of Rs 926.90 on 5 September 2012.

The stock had underperformed the market over the past one month till 17 July 2013, sliding 9.40% compared with the Sensex's 3.22% rise. The scrip had underperformed the market in past one quarter, falling 13.38% as against Sensex's 6.50% rise.

The large-cap bank has an equity capital of Rs 468.96 crore. Face value per share is Rs 10.

Axis Bank is the third largest private sector bank in India. It has a large footprint of 1947 domestic branches (including extension counters) and 11,245 ATMs spread across the country as on 31 March 2013. The bank also has overseas offices in Singapore, Hong Kong, Shanghai, Colombo, Dubai and Abu Dhabi.

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