Axis Bank Stock Up, Post Earning Outcome

Stock-rise-Axis Bank

On Tuesday, Axis Bank reported the financial results for the quarter and half year ended 30th Sept, during market hours.

Stock-rise-Axis Bank

The bank reported operating profit growth for the Sept-qtr by 45-pc, year-on-year, to Rs.5,952-Crore from Rs.4,094-Crore reported year ago. PAT grew 109-pc year-on-year to Rs,2433-Crore vis-a-vis Rs.1167cr in the previous year.

Net loss for the quarter ended Sept-30, 2019 scaled at Rs112-Crore V/s Rs.790-cr, a year ago, while half-yearly (H1FY20) net profit stood down by 16% year-on-year to Rs.1,258-cr, as reported by the Bank.Get Nifty Options Tips by just clicking the link.

The Bank’s NII grew 17-pc year-on-year to Rs.6,102-cr during Q2FY20 Versus Rs.5232-Cr, a year ago.

Shares of Axis Bank Ltd today closed at 713.25 up by Rs.3.70 or 0.52-pc from its previous closing of Rs.709.55 on the NSE.

The stock touched an intraday high and low levels of Rs.723 and Rs.703.30, respectively. The traded volume of shares scaled at 97,04,016, while the traded value is 69,451.64 in Lacs.

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