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.

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

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