Axis Bank stock hits lifetime high, rises 4% in 3 days on a stable outlook

Focus on risk adjusted business growth and improving margin trajectory is seen aiding return ratios with sustainability of performance to drive valuation ahead for Axis Bank, analysts

Shares of Axis Bank hit an all-time high of Rs 939.35, up 2.7 per cent over last close, on the BSE after close of trade on Thursday. During the day, the private lender’s stock traded at Rs 942.05.

As a result, the stock has gained over 4 per cent in the past three days on a stable outlook. The stock thus surpassed its previous high level of Rs 919.95 touched on October 27.

Axis Bank is the third largest private sector bank in India with a balance sheet size of Rs 11.8 trillion crore as on September.  The bank has a large