/ Axis Bank Hits 2-Month High ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Wednesday, 18 January 2017

The stock of Axis Bank has continued with its gaining spree for six straight sessions. In the last 10 days the stock has gained 10%. The interesting part is that the stock has gained ahead of the Q3 results, which the bank is going to announce on January19.

According to sources, the banking results in Q3 are expected to be in green as the demonetisation drive has increased the deposits with the bank, and  the 90 days extension made  by RBI to recognise NPAs will boost the balance sheet of the bank in the current quarter.

The private banks' stocks are having a good day on the bourses. HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Axis Bank, IndusInd Bank, Yes Bank, IDFC Bank, RBL Bank, Federal Bank, Karur Vysya Bank, Karnataka Bank, DCB Bank, South Indian Bank and Dhanlaxmi Bank are up in the range of 0.25 to 1.61%.     

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