Axis Bank Limited Shares Gained Around 1% After Q1 Results

 

Axis Bank Limited Shares Gained Around 1% After Q1 Results On 23rd September 2020:

To begin with, Axis Bank Limited shares trade with a 0.59% gain in today’s Intraday trade. Also, until now, the company exchanged 2,77,055 shares on the counter.

Moreover, the company shares started at Rs. 420.00 per equity share on the National Stock Exchange. The stocks reached the Intraday high value of Rs. 420.00 per equity share. Similarly, the Intraday low value of Rs. 411.10 per equity share.

According to the source, the company shares reached its 52-week highest value of Rs. 827.75. Also, it reached the 52-week lowest value of Rs. 286.00. As per the records, the market capitalization of the company stood at Rs. 1,27,329.35 Cr.

Moreover, the company obtained Rs. 48,302.97 Cr from its key products or revenue segments along with interest & discount in bills. It obtained Rs. 11,246.03 Cr income from investment and also the other operating revenue which contributed Rs. 1,990.90 Cr. By the ending of June 2020, the company promoters held 14.47% of its stake.

Presently, the bank shares quoted with a price-to-earnings ratio in multiples of 75.04. Similarly, the company’s price-to-book value ratio of 1.24.

Stock Market Update:

Stock Market September 23rd: On Wednesday, both Sensex and Nifty seem to trade in a bearish trend in the stock market. The Sensex stood traded loss with 37,668.42 levels and Nifty stood traded loss with 11,131.85 levels. The Sensex declined 65.66 points with a 0.17% loss. Besides, Nifty has declined 21.80 points with a 0.20% loss.

On the other hand, the number of confirmed or coronavirus cases in India reached 56,45,010 as of September 23rd, and deaths reached 90,021.

In the border market, the S&P BSE Midcap index reported a bullish trend in the stock market today. It raised 46.49 points with a 0.33% gain and reached a 14,237.92 level. The S&P BSE Smallcap index declined 9.73 points with a 0.067% loss and reached a 14,499.53 level. However, the Nifty Bank raised 39.40 points with a 0.19 % gain and reached a 21,178.50 level.