Page 27 - Axis Bank

Axis Bank shares rise nearly 7% as Q3 net profit surges three-fold

Shares of Axis Bank on Tuesday rallied nearly 7 per cent after the company reported a sharp three-fold jump in its consolidated net profit for the December quarter.

Sensex snaps 5-day losing run, ends 367 pts up; Nifty holds 17,250

Bargain buying in banking and auto counters amid better-than-expected Q3 results by Axis Bank and Maruti Suzuki pushed the index 367 points higher at 57,858 level at close

Voda Idea, Burger King, ICICI Bank: Strategies for result-driven stocks

Follow-up buying in some of these stocks can see them move up in the sessions ahead. However, investors need to be mindful of the overall market volatility besides the technical setup

Stocks to Watch: Axis Bank, Airtel, SBI Cards, Voda Idea, IEX, Burger King

Cipla, Federal Bank, Finolex Industries, Indiabulls Real Estate, ICRA, Macrotech Developers, Maruti Suzuki, Pidilite, SRF, Torrent Pharma and United Spirits to announce results today.

Axis Bank, Bajaj Auto: Nearly 45% of Nifty500 stocks trading below 200-DMA

Stocks breaching 200-DMA may see aggravated selling pressure in coming sessions.

Axis Bank Q3 net up 224% to Rs 3,614 cr on better interest margins

Net Interest Income rose 17% YoY basis to Rs 8,653 crore in Q3FY22. Sequentially, it was up 10%

Axis Bank Q3 results: Net profit soars 224% to Rs 3,614 cr

The bank's net interest income grew 17% YoY to Rs 8,653 cr; asset quality improves

Top headlines: Swiggy becomes decacorn; Axis Bank's Q3 net profit surges

Business Standard brings you the top headlines on Monday

Sensex crashes 1,546 pts, Nifty ends below 17,150 amid US Fed uncertainty

The frontline S&P BSE Sensex crashed nearly 2,000 points intra-day, hitting a low of 56,984. It, however, staged a mild recovery in the fag-end and ended 1,546 points, or 2.6 per cent, lower at 57,491

Stocks to Watch: RIL, ICICI Bank, Yes Bank, HDFC Life, SBI Life, Voda Idea

Axis Bank, HDFC AMC, Indian Energy Exchange, SBI Cards, Shriram Transport Finance, Steel Strips Wheels, and Zensar Technologies to announce results today.

Policy normalisation could jolt markets, prick bubbles: Axis MF's J Gopani

Markets will swing to the tunes of Covid for some time to come till we see medical intervention eliminate the threat completely, says Gopani

Axis Bank partners MinkasuPay for seamless net banking experience

Axis Bank announced its partnership with MinkasuPay to offer the smoothest net banking payment experience for its customers through a biometric authentication solution.

Axis Bank concludes structured derivative deals as RBI ban lifts

Axis Bank said first of these transactions was executed with Reliance Industries which involved the use of Barrier FX options for their currency risk management

Axis, RBL, IndusInd: Pvt banks may provide shorting opportunites on rise

A Death Cross, Descending triangle and a breach of significant levels reflect downside up to 16% for these banking shares

Oriental Insurance Co categorised as public shareholder in Axis Bank

Axis Bank on Tuesday said The Oriental Insurance Company has been categorised to public category from promoter category shareholder in the bank

Stocks to Watch: Axis Bank, Adani, Wipro, McLeod, Vedanta, Railtel, V-Guard

MapmyIndia will be making its debut today, and is expected to list at a premium

Axis Bank announces will raise up to Rs 5,000 crore by issuing bonds

Axis Bank on Monday said it will raise up to Rs 5,000 crore by issuing bonds. In April this, the board of directors of Axis Bank had authorised it to borrow/raise funds in Indian currency/foreign currency by issue of debt instruments, perpetual debt instruments, AT 1 bonds, infrastructure bonds and Tier II capital bonds among others up to an amount of Rs 35,000 crore. "We now wish to inform you that the bank proposes to raise funds by issuing senior unsecured taxable redeemable non- convertible debentures of Rs 10 lakh each for cash at par with base issue size of Rs 2,000 crore and green-shoe option to retain over-subscription of Rs 3,000 crore thereby aggregating up to Rs 5,000 crore," Axis Bank said in a regulatory filing. Stock of Axis Bank traded at Rs 663.25 apiece on the BSE, down by 3.74 per cent from previous close.

No need to extend timelines for recast loans, says Axis Bank top exec

The deadline has already been extended once, and if the borrowers are not able to meet the parameters, banks are required to classify the loans as "non-performing"

No talks ongoing currently on acquiring Spandana Sphoorty: Axis Bank

Are we exploring other opportunities, there is nothing on the table at the moment, says top bank official

Internet firms must show they can generate cash, profits soon: Axis Bank MD

Amitabh Chaudhry makes this statement at a discussion on new-age internet companies drawing high valuations, sometimes even higher than the traditional businesses