Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. India
  4. Bombay Stock Exchange
  5. Axis Bank Limited
  6. News
  7. Summary
    532215   INE238A01034

AXIS BANK LIMITED

(532215)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Indian shares close at record highs; RBI rate decision awaited

02/04/2021 | 06:06am EDT
People walk past the Bombay Stock Exchange building in Mumbai

BENGALURU (Reuters) - India's main stock indexes extended a post-budget rally to four sessions and closed at record highs, as State Bank of India beat quarterly profit estimates and helped the bank index reverse losses.

The NSE Nifty 50 index rose 0.7% to 14,895.65, while the benchmark S&P BSE Sensex was up 0.7% at 50,614.29. Both the indexes touched record intra-day highs earlier in the session after rising as much as 0.84% and 0.86% respectively.

Investors are also waiting for the central bank's monetary policy decision on Friday when rates are expected to be held at record lows.

The indexes were trading lower in the morning as bank stocks were in the red.

"The early market opening saw some hesitation from buyers as the market bounced from 13,680 level to 14,700 in two days," said Rahul Sharma, market strategist and head of research at Equity99 markets.

The Nifty Bank index, which slipped as much as 1.5%, closed 1.7% higher and drew support from a 6.6% surge in shares of State Bank of India. The country's largest lender beat quarterly profit estimates as its retail lending growth recovered to pre-pandemic levels.

"But since the indexes did not go down something like 1-2%, which usually has been happening in the last two months, the buyers rushed back, driven by a favorable budget and global indexes" Sharma added.

Shares of motorcycle maker Hero MotoCorp rose 1.8% ahead of its results, while the benchmark auto index gained 1.1%.

Cigarette maker ITC Ltd advanced 6.1% as the top percentage gainer on the Nifty.

(Reporting by Philip George in Bengaluru; Editing by Maju Samuel)

By Philip George


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AXIS BANK LIMITED -1.55% 795.25 End-of-day quote.28.19%
BAJAJ CONSUMER CARE LIMITED -1.16% 255.8 End-of-day quote.19.45%
BANK OF INDIA LIMITED -3.87% 55.9 End-of-day quote.14.90%
DR. REDDY'S LABORATORIES LIMITED -2.30% 4776.5 End-of-day quote.-8.22%
HDFC BANK LIMITED -1.41% 1559.85 End-of-day quote.8.60%
HERO MOTOCORP LIMITED -1.45% 2889.1 End-of-day quote.-7.08%
HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED -2.90% 2743.35 End-of-day quote.7.22%
ITC LIMITED 3.32% 241.5 Delayed Quote.11.84%
NIFTY 50 0.95% 17562 Delayed Quote.24.43%
NIFTY BANK -1.76% 37235.85 Delayed Quote.18.81%
SENSEX 30 0.88% 59005.27 Real-time Quote.23.59%
STATE BK OF INDIA 0.31% 438.8 Delayed Quote.59.10%
VENKY'S (INDIA) LIMITED -1.26% 3035.65 End-of-day quote.73.87%
All news about AXIS BANK LIMITED
09/15GENERAL ANNOUNCEMENT : :re-classification to public category from promoter category
PU
09/09Indian shares end flat as gains in Nestle, Airtel offset financials' losses
RE
09/09Indian shares muted as energy stocks offset tech, financial losses
RE
09/08GENERAL ANNOUNCEMENT : :MTN Allotment Intimation
PU
09/08AXIS BANK : to List $600 Million of Bonds in Singapore
MT
09/07AXIS BANK : CARE Ratings Maintains AAA Rating on Axis Bank's Bonds; Keeps Stable Outlook
MT
09/07GENERAL ANNOUNCEMENT : :re-classification of promoter
PU
09/07GENERAL ANNOUNCEMENT : :CARE Ratings Action
PU
09/07Indian shares fall after recent record highs; tech, realty stocks weigh
RE
09/03MT EDUCARE : Defaults On Loan Repayments
MT
More news
Analyst Recommendations on AXIS BANK LIMITED
More recommendations
Financials
Sales 2022 507 B 6 890 M 6 890 M
Net income 2022 135 B 1 837 M 1 837 M
Net Debt 2022 - - -
P/E ratio 2022 18,0x
Yield 2022 0,77%
Capitalization 2 439 B 33 106 M 33 130 M
Capi. / Sales 2022 4,81x
Capi. / Sales 2023 4,19x
Nbr of Employees 80 250
Free-Float 94,6%
Chart AXIS BANK LIMITED
Duration : Period :
Axis Bank Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends AXIS BANK LIMITED
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Mean consensus -
Number of Analysts 0
Last Close Price 795,25 
Average target price
Spread / Average Target -
EPS Revisions
Managers and Directors
Amitabh Chaudhry Chief Executive Officer, Director & MD
Puneet Sharma President & Chief Financial Officer
Rakesh Makhija Non-Executive Chairman
Bimal Bhattacharyya Chief Compliance Officer
Ketaki Bhagwati Independent Non-Executive Director
Sector and Competitors