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Q2 impact: Upside of up to 14% on cards for ITC, Axis Bank, Dixon Tech

Among prominent stocks, ITC, Dixon Technologies, Axis Bank and Bajaj Finance seem poised to rally up to 14 per cent; whereas Asian Paints is seen testing the crucial 200-DMA level at Rs 3,131.

Q2 earnings, Q2 results
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Avdhut Bagkar Mumbai
Shares of Axis Bank, Dixon Technologies (India) and ITC logged strong gains Friday as these companies beat Street estimates on the earnings front for the July-September quarter (Q2FY23). Axis Bank zoomed 6 per cent, Dixon Technologies (India) spiked 3 per cent and ITC added 0.50 per cent in intra-day trade so far. 

After clocking a 70 per cent yearly rise in net profit for the quarter, Axis Bank touched a new historic peak of Rs 879, leaping over its previous high registered in 2021.

ITC too claimed an all-time high of Rs 353.20, as of 10:30 am, helped by

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First Published: Oct 21 2022 | 12:37 PM IST

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