Axis Bank Ltd.’s quarterly profit rose in the second quarter as provisions fell. Net profit jumped 86% year-on-year to Rs 3,133.3 crore in the three months ended September, the private lender said in an exchange filing. Analysts polled by Bloomberg estimated a net profit of Rs 2,649.6 crore. The bank’s net interest income, or core income, rose 8% over the preceding year to Rs 7,900 crore. Net interest margin stood at 3.39%.
Axis Bank Ltd chart
Axis Small Cap fund outperforms in last one year. But is that enough?
In a market where small cap stocks are being thrashed badly (S&P BSE Smallcap is down nine per cent), Axis Small Cap fund has delivered a return of around 22% over the past one year ended November 13, 2019 as per the data available on Valueresearchonline.com.
Live ICICIBANK And AXISBANK Trading Tips Rocking, Boom Boom 🔥💥🔥💥🔥
Live ICICIBANK And AXISBANK Trading Tips Rocking, Boom Boom 🔥💥🔥💥🔥
Live ICICIBANK — 444.20 To 459.30 🔥💥🔥💥🔥
Live AXISBANK — 695 To 719.95 🔥💥🔥💥🔥
BUY AXISBANK FUT 695—692 TARGET 701—710 STOP LOSS PAID
BUY AXISBANK FUT 695—692 TARGET 701—710 STOP LOSS PAID
Axis Bank: Axis Bank Ltd shares rise 1% after ratings agency ICRA assigned “ICRA MAAA” rating with ‘stable’ outlook to the fixed deposit programme of the bank.