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Axis Bank Shares Edge Higher, Nears 52-Week High

EditorVenkatesh Jartarkar
Published 09/25/2023, 02:57 PM
© Reuters.

In a generally positive trading session on Monday, Axis Bank Ltd. (532215) witnessed a marginal increase in its share price, edging up by 0.08% to close at 1,019.00 Indian rupees. This uptick was in line with the broader S&P BSE Sensex Index, which also saw a slight rise of 0.02%, settling at 66,023.69.

The current share price of Axis Bank is just 28.45 rupees away from its 52-week high of 1,047.45 rupees, a milestone it achieved on September 20th. However, when compared to its industry peers on Monday, the bank's performance was mixed. State Bank of India (SBIN) experienced a drop in its share value by 0.69% to 594.05 rupees, while ICICI Bank Ltd. (ICICIBANK) observed an increase in its share price by 0.64%, closing at 956.35 rupees.

Despite the day's fluctuations, the trading volume of Axis Bank remained lower than its average. A total of 66,821 shares were traded during the session, significantly below the bank's average trading volume over the past 50 days, which stands at 216,303 shares.

This data was compiled using information from Dow Jones and FactSet, provided by Automated Insights, a provider of automation technology.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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