AXIS BANK Plunges by 10%; BSE BANKEX Index Down 7.4%

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Markets will remain closed on 14th April, 2021 on account of Dr. Baba Saheb Ambedkar Jayanti.

AXIS BANK Plunges by 10%; BSE BANKEX Index Down 7.4%
Mon, 16 Mar 02:52 PM

AXIS BANK share price has plunged 10% and is presently trading at Rs 545.

Meanwhile, the BSE BANKEX Index is at 27,685 (down 7.4%).

Among the top losers in the BSE BANKEX Index today are AXIS BANK (down 10.0%) and INDUSIND BANK (down 15.5%).

YES BANK (up 45.0%) is among the top gainer today.

Over the last one year, AXIS BANK has moved down from Rs 738 to Rs 545, registering a loss of Rs 193 (down 26.2%)..

The BSE BANKEX has moved down from 32,356 to 27,685, loss of 4,671 points (down 14.4%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were KOTAK MAHINDRA BANK (up 11.1%) and ICICI BANK (up 3.9%).

Revealed: 3 Stocks for Potentially Massive Gains

What About the Benchmark Indices?

The BSE Sensex is at 33,103 (down 7.1%).

In the meantime, NSE Nifty is at 9,602 (down 6.5%). YES BANK (up 47.6%) and BAJAJ AUTO (up 0.2%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 37,752 to 33,103, registering a loss of 4,649 points (down 16.03%).

AXIS BANK Financial Update...

AXIS BANK net profit stood at Rs 18 billion for the quarter ended December 2019, compared to a profit of Rs 17 billion a year ago. Operating income rose 11.2% to Rs 157.1 billion during the period as against Rs 141.3 billion in October-December 2018.

For the year ended March 2019, AXIS BANK reported 987.7% increase in net profit to Rs 50.5 billion compared to net profit of Rs 4.6 billion during FY18.

Revenue of the company grew 20.2% to Rs 560 billion during FY19.

The current Price to earnings ratio of AXIS BANK, based on rolling 12 month earnings, stands at 29.1x.

What else is happening in the markets today? Dig in...

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