India markets close in 4 hours 5 minutes

Axis Bank Ltd spurts 3.23%

Axis Bank Ltd is up for a third straight session in a row. The stock is quoting at Rs 423.35, up 3.23% on the day as on 12:54 IST on the NSE. The benchmark NIFTY is up around 1.36% on the day, quoting at 10114.7. The Sensex is at 34276.99, up 1.33%. Axis Bank Ltd has risen around 5.1% in last one month.

Meanwhile, Nifty Bank index of which Axis Bank Ltd is a constituent, has risen around 7.21% in last one month and is currently quoting at 20530.2, up 3.1% on the day. The volume in the stock stood at 227.3 lakh shares today, compared to the daily average of 432.52 lakh shares in last one month.

The benchmark June futures contract for the stock is quoting at Rs 422.8, up 2.65% on the day. Axis Bank Ltd is down 48.55% in last one year as compared to a 15.86% drop in NIFTY and a 32.99% drop in the Nifty Bank index.

The PE of the stock is 71.04 based on TTM earnings ending March 20.