ANI
25 Jan 2022, 15:27 GMT+10
Mumbai (Maharashtra) [India], January 25 (ANI): Share price of Axis Bank, the country's third largest private lender, surged 4.56 per cent on Tuesday, a day after the company posted 224 per cent surge in its third quarter profit year-on-year.
Defying the market trend, trading in Axis Bank share started on a positive note. Trading in the scrip started at Rs 713.70 at the Bombay Stock Exchange on Tuesday against its previous day's close at Rs 704.35.
Axis Bank share was trading at Rs 736.50 at around 10.05 am at the BSE, which is 4.56 per cent higher when compared with the previous day's close.
Share price of Axis Bank touched a high of Rs 738.20 in the early morning trade.
Axis Bank share price has surged due to a robust third quarter results. The Bank on Monday said its net profit surged 224 per cent to Rs 3,614 crore during the third quarter of the current financial year as compared with the same quarter of last year. On quarter-on-quarter basis the private lender's net profit has increased by 15 per cent.
The company announced its financial numbers after closing of trade on Monday.
The Bank's Net Interest Income (NII) grew by 17 per cent year-on-year and 10 per cent quarter-on-quarter to Rs 8,653 crore. Net interest margin (NIM) for the third quarter of 2021-22 improved by 14 bps quarter-on-quarter to 3.53 per cent. (ANI)
Get a daily dose of Kolkata Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Kolkata Sun.
More InformationMILAN, Italy: Prosecutors in Milan are seeking a six year prison term for former Italian prime minister Silvio Berlusconi for ...
BUCHAREST, Romania: Romania's defense ministry has said that it will continue flying its remaining MiG-21 Lancer fighter jets until May ...
TIRANA, Albania: Following violent clashes between Dutch and Italian fans and the police ahead of this week's Europa Conference League ...
TOKYO, Japan: A new high-density electric battery developed in Japan has the potential to power electric airplanes, according to industry ...
ATHENS, Greece: After a sharp increase in attempted entries by migrants through its Aegean islands and land border with Turkey ...
HONG KONG: In his first public remarks since he was arrested under Hong Kong's National Security Law earlier this month, ...
NEW DEHLI, India: In a move expected to end the country's exports of the raw materials needed to manufacture steel, ...
NEW YORK CITY, New York: The Wall Street Journal has reported that Apple has told some of its contract manufacturers ...
LONDON, England: Citing a U.S. official, the Financial Times reported this week that during the Quad summit in Tokyo, the ...
New Delhi [India], May 29 (ANI): India reported 2,828 new COVID-19 cases, taking the cumulative infection tally to 4,31,53,043, informed ...
New Delhi [India], May 29 (ANI): On the occasion of International Day of UN Peacekeepers, External Affairs Minister Dr S ...
Doha [Qatar], May 29 (ANI): Indian men's football team suffered a 0-2 defeat at the hands of Jordan at the ...