Axis Bank Shares Fall 4% After Mixed Q2 Results
Axis Bank shares fell 4% on Monday, making them the top loser on the Nifty 50 and Bank Nifty after mixed second-quarter earnings. Brokerages remained broadly positive, while margin pressure and elevated operating expenses were concerns.
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05:15:49 AM UTC
SquawkNews
Axis Bank's NSE:AXISBANK shares fell as much as 5% on Monday after the private lender reported September-quarter profit slightly below expectations as higher costs and weaker other income offset steady loan growth.Shares of the country's third-largest private-sector lender by assets were trading 4…
Axis Bank shares plunged 4 percent on Monday, emerging as the top loser on both the Nifty 50 and Bank Nifty following the private sector lender's mixed second-quarter earnings. While brokerages remained broadly positive on the stock's outlook, concerns over pressure on margins, elevated operating e…