Axis Bank nudges higher after large block deal

Axis Bank rose 2.88% to Rs 471.25 at 13:09 IST on BSE after a large block deal of 42.49 lakh shares was executed at Rs 466.50 per share at 9:46 IST on BSE today, 21 April 2016.

Meanwhile, the S&P BSE Sensex was up 106.20 points or 0.41% at 25,950.38.

On BSE, so far 47.64 lakh shares were traded in the counter as against average daily volume of 12.47 lakh shares in the past one quarter. The stock hit a high of Rs 472.45 and a low of Rs 462.80 so far during the day. The stock had hit a 52-week high of Rs 613.40 on 16 July 2015. The stock had hit a 52-week low of Rs 366.65 on 18 January 2016. The stock had outperformed the market over the past one month till 20 April 2016, gaining 5.07% compared with the Sensex's 3.57% rise. The scrip had also outperformed the market in past one quarter, advancing 17.86% as against Sensex's 7.41% rise.

The large-cap bank has equity capital of Rs 476.79 crore. Face value per share is Rs 2.

Axis Bank's net profit rose 14.5% to Rs 2175.30 crore on 14.7% rise in total income to Rs 12531.11 crore in Q3 December 2015 over Q3 December 2014.

Axis Bank is one of the biggest private sector banks in India.

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