Axis Bank hits new high; Infosys nears its record high

Axis Bank hit a new high of Rs 710, up 3%, while Infosys rose 3.5% to Rs 751, nearing its record high price of Rs 755 touched on October 1, 2018, on the BSE in the intra-day deal.

Shares of Axis Bank hit a new high of Rs 710 apiece, rising 3 per cent on Thursday, thereby gaining 8 per cent in past three trading days on the BSE, after private sector lender posted a healthy set of numbers for the quarter ended December 31 (Q3FY19). The stock has surpassed its previous high of Rs 703 recorded on January 30, 2019, on BSE in the intra-day trade.

Axis Bank had reported an over two-fold jump in net profit at Rs 1,681 crore in Q3FY19 on the back of strong growth in non-core income due to recoveries and stake