Axis Bank plunges 7.5 pc; top loser on Sensex, Nifty

Shares of Axis Bank plunged 7.5 per cent today after the bank's September quarter earnings failed to enthuse investors.
The stock dipped 7.39 per cent to Rs 482.75 at BSE.
On NSE, it tumbled 7.56 per cent to Rs 482.35.
The stock was the worst performer among the blue-chips on both Sensex and Nifty indices.
Private sector lender Axis Bank yesterday reported 18.93 per cent increase in net profit at Rs 1,915.64 crore for the second quarter ended September 30.
The bank's net profit in the corresponding quarter of the previous fiscal stood at Rs 1,610.71 crore.

"Total income has increased to Rs 12,001.01 crore during the quarter under review, from Rs 10,549.97 crore earned a year ago," Axis Bank had said in a regulatory filing.

The asset quality of the bank, however, slipped a tad as gross non-performing assets (NPAs) or bad loans rose to 1.38 per cent of gross advances as of September 2015 as against 1.34 per cent a year ago.
Meanwhile, in the broader market the Sensex was trading at 27,105.07, down 148.37 points at 1155 hrs.