Axis Bank rose 0.72% to Rs 597.20 at 13:31 IST on BSE after a bulk deal of 25.19 lakh shares was executed on the scrip at Rs 598.90 per share at 12:00 IST on BSE.
Meanwhile, the S&P BSE Sensex was up 44.52 points or 0.16% at 28,567.32
Bulk deal boosted volume on the scrip. On BSE, so far 26.71 lakh shares were traded in the counter as against average daily volume of 6.91 lakh shares in the past one quarter. The stock hit a high of Rs 600 and a low of Rs 594.80 so far during the day. The stock had hit a 52-week high of Rs 638 on 7 September 2016. 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 30 days till 20 September 2016, rising 2.21% compared with 1.92% rise in the Sensex. The scrip also outperformed the market in past one quarter, gaining 14.92% as against Sensex's 6.57% rise.
The large-cap private sector bank has equity capital of Rs 477.89 crore. Face value per share is Rs 2.
Axis Bank's net profit fell 21.38% to Rs 1555.53 crore on 13.22% growth in total income to Rs 13852.18 crore in Q1 June 2016 over Q1 June 2015.
Axis Bank is one of the biggest private sector banks in India.
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