AXIS BANK Plunges by 5%; BSE BANKEX Index Down 2.7%

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AXIS BANK Plunges by 5%; BSE BANKEX Index Down 2.7%
Fri, 22 May 11:59 AM

AXIS BANK share price has plunged 5% and is presently trading at Rs 360.

Meanwhile, the BSE BANKEX Index is at 20,652 (down 2.7%).

Among the top losers in the BSE BANKEX Index today is AXIS BANK (down 5.2%).

Over the last one year, AXIS BANK has moved down from Rs 773 to Rs 360, registering a loss of Rs 414 (down 53.5%)..

The BSE BANKEX has moved down from 33,906 to 20,652, loss of 13,254 points (down 39.1%) during the last 12 months.

NOW REVEALED: 5 Best Stocks That Could Possibly Surge Up to 300% In the Long-Term

What About the Benchmark Indices?

The BSE Sensex is at 31,108 (down 1.0%). The top gainers among the BSE Sensex stocks today are INFOSYS (up 2.9%). The most traded stocks in the BSE Sensex are RELIANCE IND. and INFOSYS.

In the meantime, NSE Nifty is at 9,150 (down 1.0%). ZEE ENTERTAINMENT (up 3.3%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,970 to 31,108, registering a loss of 7,862 points (down 21.39%).

AXIS BANK Financial Update...

AXIS BANK net profit down at Rs 14 billion for the quarter ended March 2020, compared to a loss of Rs 18 billion a year ago. Operating income rose 3.3% to Rs 162.3 billion during the period as against Rs 157.1 billion in January-March 2019.

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 53.6x.



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