AXIS BANK Plunges by 15%; BSE BANKEX Index Down 10.9%

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AXIS BANK Plunges by 15%; BSE BANKEX Index Down 10.9%
Mon, 23 Mar 09:50 AM

AXIS BANK share price has plunged 15% and is presently trading at Rs 410.

Meanwhile, the BSE BANKEX Index is at 21,676 (down 10.9%).

Among the top losers in the BSE BANKEX Index today are AXIS BANK (down 14.7%) and INDUSIND BANK (down 14.3%).

YES BANK (up 1.7%) is among the top gainer today.

Over the last one year, AXIS BANK has moved down from Rs 756 to Rs 410, registering a loss of Rs 346 (down 45.7%)..

The BSE BANKEX has moved down from 33,402 to 21,676, loss of 11,726 points (down 35.1%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were [param_historic_top3].

Revealed: 3 Stocks for Potentially Massive Gains

What About the Benchmark Indices?

The BSE Sensex is at 27,901 (down 9.2%).

In the meantime, NSE Nifty is at 8,159 (down 9.0%).

Over the last 12 months, the BSE Sensex has moved down from 38,387 to 27,901, registering a loss of 10,486 points (down 29.22%).

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 20.8x.



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