Axis Bank rose 5% to Rs 866 at 14:36 IST on BSE after bank’s net profit rose 70.56% to Rs 361.4 crore on 56.57% rise in total income to Rs 2571.9 crore in Q4 March 2008 over Q4 March 2007.
The stock hit a high of Rs 868.70 and a low of Rs 799 so far during the day. The stock had a 52-week high of Rs 1,291 on
The bank's current equity is Rs 357.71 crore. Face value per share is Rs 10.
The current price of Rs 866 discounts Q3 December 2007 annualised EPS of Rs 34.34 by a PE multiple of 25.21.
The bank’s net profit rose 62.51% to Rs 1071.03 crore on 60.84% rise in total income to Rs 8800.8 crore in FY 2008 over FY 2007.
Axis Bank provides commercial banking services, which include merchant banking, direct finance, infrastructure finance, venture capital fund, advisory, trusteeship, forex, treasury and other related financial services.
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