Axis Bank shares slip 2.14% in weak market session
Updated
Updated · MarketWatch · Apr 30
Axis Bank shares slip 2.14% in weak market session
10 articles · Updated · MarketWatch · Apr 30
The stock closed at 1,267.70 rupees as the BSE Sensex fell 0.75% to 76,913.50 on Thursday.
Axis Bank underperformed peers, with State Bank of India down 1.70%, ICICI Bank falling 1.37% and Yes Bank losing 1.68%.
Shares finished 10.62% below their 52-week high of 1,418.30 rupees reached on 3 February, while trading volume of 766,518 was about double the 50-day average.
With the rupee at a record low, is Axis Bank's stock plunge a warning for India's entire banking sector?
Analysts say 'buy' Axis Bank despite its stock crash. What key strength are they seeing that the market is missing?
Is Axis Bank's massive provision for war risk a smart move or a sign of deeper trouble ahead for investors?