Axis Bank Ltd fell for a fifth straight session today. The stock is quoting at Rs 1132.85, down 1.12% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.24% on the day, quoting at 24608.35. The Sensex is at 81455.03, up 0.2%.Axis Bank Ltd has eased around 0.69% in last one month.Meanwhile, Nifty Bank index of which Axis Bank Ltd is a constituent, has increased around 5.95% in last one month and is currently quoting at 53216.45, down 0.1% on the day. The volume in the stock stood at 42.07 lakh shares today, compared to the daily average of 91.31 lakh shares in last one month. The benchmark December futures contract for the stock is quoting at Rs 1138.2, down 1.02% on the day. Axis Bank Ltd jumped 1.11% in last one year as compared to a 16.17% rally in NIFTY and a 11.38% spurt in the Nifty Bank index.The PE of the stock is 13.56 based on TTM earnings ending September 24.Powered by Capital Market - Live

Axis Bank has allotted 1,15,132 equity shares of Rs. 2/-each of the Bank on 04 December 2024 pursuant to exercise of stock options / units under its ESOP / RSU Scheme. The paid-up share capital of the Bank has accordingly increased from Rs. 6,189,021,008 (3,094,510,504 equity shares of Rs. 2/- each) to Rs. 6,189,251,272 (3,094,625,636 equity shares of Rs. 2/- each).Powered by Capital Market - Live

Axis Bank Ltd is up for a third straight session today. The stock is quoting at Rs 1159.95, up 2.01% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.63% on the day, quoting at 24428.3. The Sensex is at 80776.82, up 0.66%. Axis Bank Ltd has risen around 1.82% in last one month. Meanwhile, Nifty Bank index of which Axis Bank Ltd is a constituent, has risen around 2.8% in last one month and is currently quoting at 52109, up 1.04% on the day. The volume in the stock stood at 41.67 lakh shares today, compared to the daily average of 89.79 lakh shares in last one month. The benchmark December futures contract for the stock is quoting at Rs 1164.7, up 1.84% on the day. Axis Bank Ltd is up 3.05% in last one year as compared to a 18.09% spurt in NIFTY and a 13.39% spurt in the Nifty Bank index.The PE of the stock is 13.45 based on TTM earnings ending September 24.Powered by Capital Market - Live

Axis Bank has allotted 2,19,641 equity shares of Rs. 2/-each of the Bank on 12 November 2024 pursuant to exercise of stock options / units under its ESOP / RSU Scheme. The paid-up share capital of the Bank has accordingly increased from Rs. 6,188,174,688(3,094,087,344 equity shares of Rs. 2/- each) to Rs. 6,188,613,970 (3,094,306,985 equity shares of Rs. 2/- each).Powered by Capital Market - Live

Axis Bank announced the resignation of Ganesh Sankaran, Group Executive - Wholesale Banking Coverage Group with effect from 30 November 2024. Powered by Capital Market - Live

The Nifty October 2024 futures closed at 24,965.55, a premium of 111.5 points compared with the Nifty's closing 24,854.05 in the cash market. In the cash market, the Nifty 50 rose 104.20 points or 0.42% to 24,854.05. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, declined 2.61% to 13.04. Axis Bank, Infosys and HDFC Bank were the top traded individual stock futures contracts in F&O segment of NSE. The October 2024 F&O contracts will expire on 31 October 2024. Powered by Capital Market - Live

The key equity barometers ended with limited gains on Friday, snapping a three-day losing streak. The Nifty closed above the 24,850 mark. Private bank, bank and metal shares advanced while IT, FMCG and oil excluding the date of the journey. The Ministry of Railways has announced this change in the Advance Reservation Period (ARP) for train bookings by Indian travelers in order to promote genuine passengers. The decision will help the Railway Board to improve the visibility of genuine demand for rail travel in India. It was being noticed that about 21 percent of reservations done for 61 to 120 day periods were getting cancelled. Further, 5% of passengers were neither canceling their tickets nor were they undertaking the journey. This No Show trend was also one of the factors behind the decision, which will help Indian Railways in better planning of special trains during peak seasons. Buzzing Index: The Nifty Private Bank index rose 1.90% to 25,984.10. The index fell 1.60% in past three consecutive trading sessions. Axis Bank (up 5.82%), ICICI Bank (up 2.86%), RBL Bank (up 1.5%), Federal Bank (up 0.99%) and Bandhan Bank (up 0.85%), City Union Bank (up 0.81%), HDFC Bank (up 0.54%), Kotak Mahindra Bank (up 0.27%) edged higher. On the other hand, IDFC First Bank (down 0.08%), IndusInd Bank (down 0.07%) edged lower. Axis Bank rallied 5.82% after the private lender reported 17.97% rise in standalone net profit to Rs 6,917.57 crore on 17.31% increase in total income to Rs 37,141.71 crore in Q2 FY25 over Q2 FY24. Stocks in Spotlight: Reliance Industries rose 0.15% The company said that its wholly owned subsidiary, Reliance Brands Holding UK and Mothercare plc will form a joint venture that will own the Mothercare brand and its intellectual property assets related to the regions of India, Nepal, Sri Lanka, Bhutan, and Bangladesh. Wipro rallied 3.59% after the IT major's consolidated net profit grew 6.85% to Rs 3,208.8 crore in Q2 FY25 as against Rs 3,003.2 crore recorded in Q1 FY25.Revenue from operations increased 1.54% to Rs 22,301.6 crore in the September 2024 quarter as against Rs 21,963.8 crore reported in the preceding quarter same year. Infosys dropped 4.22%. The IT major reported 2.2% rise in consolidated net profit to Rs 6,506 crore on a 4.25% increase in revenues to Rs 40,986 crore in Q2 FY25 over Q1 FY25. LTIMindtree tumbled 6.06%. The company's consolidated net profit jumped 10.3% to Rs 1,251.6 crore in Q2 FY25 as compared with Rs 1,135.1 crore in Q1 FY25. Revenue from operations increased 2.8% QoQ to Rs 1,126.6 crore during the quarter. CEAT advanced 1.98% after the tyres manufacturing company's consolidated net profit fell 41.4% to Rs 121.88 crore in Q2 FY25 as compared to Rs 208 crore posted in Q2 FY24. Revenue from operations increased 8.22% year on year (YoY) to Rs 3,304.53 crore in the quarter ended 30 September 2024. Tata Chemicals rose 0.94%. The chemical maker's consolidated net profit from continuing operations declined 46.06% to Rs 267 crore in Q2 FY25 as compared to Rs 495 crore posted in Q2 FY24. The company's revenue from operations rose marginally to Rs 3,999 crore in Q2 FY25 as against to Rs 3,998 crore recorded in Q2 FY24. 5paisa Capital tumbled 7.31%. The stockbroking company's consolidated net profit jumped 15.02% to Rs 21.90 crore in Q2 FY25 from Rs 19.04 crore reported in Q2 FY24. The company's total income rose 4.02% year on year (YoY) to Rs 100.85 crore in the quarter ended 30 September 2024. Tanla Platforms declined 3.54% after the company's consolidated net profit declined 8.65% to Rs 130.21 crore on 0.78% fell in net sales to Rs 1,000.72 crore in Q2 FY25 over Q2 FY24. Zydus Lifesciences rose 0.15%. The pharma major announced that it has received final approval from the United States Food and Drug Administration (USFDA) to manufacture Fludrocortisone Acetate tablets USP, 0.1 mg. Global Markets: Most European shares traded higher on Friday as investors digested the European Central Bank's consecutive interest rate cuts and awaited new economic data and earnings reports. In the U.K., retail sales increased by 0.3% in September, according to data from the Office for National Statistics, marking the highest level since July 2022. Asian stocks ended higher on Friday, as traders assessed key economic data from China and Japan's inflation numbers. Chinese GDP grew 4.6% year-on-year in the three months to September 30, but slowing from the 4.7% seen in the prior quarter. GDP grew 0.9% quarter-on-quarter, slightly missing expectations of 1%. This brought year-to-date GDP growth to 4.8%, still below Beijing's 5% annual target. Separate data on Friday showed China's industrial production and retail sales both grew more than expected in September, while the country's unemployment rate fell to 5.1% against expectations it would remain at 5.3%. Meanwhile, China's house prices fell 5.8% year-over-year in September, a larger drop than 5.3% in August. Japan's Core CPI, which excludes volatile fresh food items, grew 2.4% year-on-year in September, government data showed on Friday. The reading eased from the 2.8%- a 10-month high- seen in the prior month. A core reading that excludes both fresh food and energy prices, and is watched closely by the Bank of Japan as a gauge of underlying inflation, rose to 2.1% in September from 2% in the prior month. Headline CPI inflation fell to 2.5% from 3% in the prior month. In the US market, the Dow Jones Industrial Average rallied to a new record close after strong economic data eased lingering fears of a potential recession. The blue-chip index rose 0.37% to 43,239.05, helped by a 9% gain for Travelers on the back of strong quarterly results. The Nasdaq Composite inched higher on Thursday after getting a boost from semiconductor names, and ultimately added 0.04%. The S&P 500 closed down 0.02%. The technology sector, particularly chip stocks, led the market's rally, with companies like Nvidia and Taiwan Semiconductor Manufacturing Company (TSMC) posting significant gains. Positive US retail sales figures and lower-than-expected jobless claims further supported market sentiment. September's US retail sales figures showed that consumer spending was still robust, with monthly spending rising 0.4%. Sales excluding autos shot up 0.5%, much hotter than the 0.1% forecast. Jobless claims in the US for the week that ended Oct. 12 were also lower than expected.Powered by Capital Market - Live

Net interest income (NII) grew 9% YoY to Rs 13,483 crore during the quarter. Net interest margin (NIM) stood at 3.99% in Q2 FY25 compared with 4.11% posted in same quarter last year. Profit before tax in September 2024 quarter stood at Rs 8,508.38 crore, registering an increase of 8.84% YoY. Operating profit before provisions & contingencies jumped 24.10% YoY to Rs 10,712.47 crore for the quarter. The bank's provisions and contingencies zoomed to Rs 2,204.09 crore from Rs 814.56 crore posted in same quarter last year. The Bank holds cumulative provisions (standard + additional other than NPA) of Rs 11,815 crore at the end of Q2FY25. It is pertinent to note that this is over and above the NPA provisioning included in our PCR calculations. These cumulative provisions translate to standard asset coverage of 1.20% as on 30 th September 2024. On an aggregated basis, provision coverage ratio (including specific + standard + additional) stands at 153% of GNPA as on 30th September, 2024. Credit cost for the quarter ended 30 September 2024 stood at at 0.54% as against 0.42% posted in 30 September 2023 quarter. The bank's gross non-performing assets (NPAs) stood at Rs 15,466.23 crore as on 30 September 2024 as against Rs 16,756.74 crore as on 30 September 2023. The ratio of gross NPAs reduced to 1.44% as on 30 September 2024 as against 1.73% as on 30 September 2023. The ratio of net NPAs declined to 0.34% as on 30 September 2024 as against 0.36% as on 30 September 2023. As on 30th September, 2024, the Bank's provision coverage, as a proportion of Gross NPAs stood at 77%, as compared to 79% as at 30th September 2023 and 78% as at 30 th June 2024. The fund based outstanding of standard restructured loans implemented under resolution framework for COVID-19 related stress (Covid 1.0 and Covid 2.0) declined during the quarter and as at 30 th September, 2024 stood at 1,320 crore that translates to 0.12% of the gross customer assets. The Bank carries a provision of around 20% on restructured loans, which is in excess of regulatory limits. Gross slippages during the quarter were Rs 4,443 crore, compared to Rs 4,793 crore in Q1 FY25 and Rs 3,254 crore in Q2FY24. The bank's net advances grew 11% YoY to Rs 9,99,979 crore and total deposits jumped 14% YoY to Rs 10,86,744 crore as on September 2024. As on 30 September 2024, CASA deposits rose 4% YoY to Rs 4,41,053 crore while CASA deposits as % of total deposits stood at 41% as on September 2024 as against 44% as on September 2023. As on June 2024, capital adequacy ratio (basel III) stood at 16.61%. Tier I was at 14.54% and Tier II at 2.07%. The bank's return on average assets (ROA) and Return on equity (ROE) stood at 1.84% and 17.58%, respectively in the quarter ended 30 September 2024. Amitabh Chaudhry, MD&CEO, Axis Bank, said, 'This quarter we balanced digital prowess and advancement with physical expansion and proximity to our customers. We have opened 150 new branches in the last three months, both urban and rural. The Bank strengthened its regional presence by laying the foundation for a new Corporate Office in Kolkata, which will be the hub for all activities in the Eastern region. We also expanded our private banking business 'Burgundy Private' network to 15 new cities increasing its presence to 42 locations across India, offering bespoke wealth management services in India's rapidly evolving Tier 2 markets.' Axis Bank added 150 branches during the quarter, taking its overall distribution network to 5,577 domestic branches and extension counters along with 182 Business Correspondent Banking Outlets (BCBOs) situated across 3,062 centres and 14,728 ATMs and cash recyclers spread across the country. The Bank's Axis Virtual Centre is present across eight centres with over around 1,000 Virtual Relationship Managers as on 30 September 2024. Powered by Capital Market - Live

Securities in F&O ban: Bandhan Bank, Chambal Fertilizers and Chemicals, Gujarat Narmada Valley Fertilizers & Chemicals (GNFC), Granules India, Hindustan Copper, IDFC First Bank, L&T Finance, IEX, Manappuram, National Aluminium, PNB, RBL Bank, Sail, Tata Chemical. Upcoming result: Elecon Engineering, Hindustan Zinc, ICICI Lombard General Insurance Company, Jindal Saw, Jio Financial Services, L&T Finance, Mangalore Refinery & Petrochemicals, Oberoi Realty, TATA Consumer Products, and Tejas Networks. Stocks to watch: Axis Bank reported 17.97% rise in standalone net profit to Rs 6,917.57 crore on 17.31% increase in total income to Rs 37,141.71 crore in Q2 FY25 over Q2 FY24. LTIMindtree's consolidated net profit jumped 10.3% to Rs 1,251.6 crore in Q2 FY25 as compared with Rs 1,135.1 crore in Q1 FY25. Revenue from operations increased 2.8% QoQ to Rs 1,126.6 crore during the quarter. Meanwhile, the company's board declared an interim dividend of Rs 20 per share of Re 1 each for FY25. The record date for the same is fixed at 25 October 2024. Infosys reported 2.2% rise in consolidated net profit to Rs 6,506 crore on a 4.25% increase in revenue to Rs 40,986 crore in Q2 FY25 over Q1 FY25. Meanwhile, the board declared an interim dividend of Rs 21 per equity share for the financial year 2024-25. The IT major fixed 29 October as a record date and 8 November 2024 as a payout date for the same. Wipro's consolidated net profit grew 6.85% to Rs 3,208.8 crore in Q2 FY25 as against Rs 3,003.2 crore recorded in Q1 FY25. However, revenue from operations increased 1.54% to Rs 22,301.6 crore in the September 2024 quarter as against Rs 21,963.8 crore reported in the preceding quarter same year. Meanwhile, the board recommended bonus equity shares in the proportion of 1 bonus equity share for every 1 equity share held (1 :1) and a bonus issue [stock dividend on American Depositary Share (ADS)] of 1 ADS for every 1 ADS held, as on the record date, subject to approval of the members of the company. Tata Chemicals' consolidated net profit declined 46.06% to Rs 267 crore as compared with Rs 495 crore posted in same quarter last year. Revenue increased marginally 0.02% to Rs 3,999 crore in Q2 FY25 as compared with Rs 3,998 crore in Q2 FY24. Polycab India reported 2.48% increase in consolidated net profit to Rs 445 crore in Q2 FY25 as compared with Rs 430 crore in Q2 FY24. Revenue jumped 30.34% YoY to Rs 5,498 crore during the quarter. CEAT's consolidated net profit fell 42% YoY to Rs 121.45 crore in Q2 FY25. Revenue increased 8.2% to Rs 3,304.53 crore in Q2 FY25 as compared with Rs 3,053.32 crore in Q2 FY24. Reliance Industries' subsidiary, Reliance Brands holding UK (RBL UK) has entered into an agreement with Mothercare to form joint venture with a 51-49 ownership structure for South Asia. The joint venture will own the Mothercare brand and its intellectual property assets across India, Nepal, Sri Lanka, Bhutan, and Bangladesh. As part of the deal, Reliance Brands will acquire a 51% stake in the JV for '16 million.Powered by Capital Market - Live

Net interest income (NII) grew 9% YoY to Rs 13,483 crore during the quarter. Net interest margin (NIM) stood at 3.99% in Q2 FY25 compared with 4.11% posted in same quarter last year. Profit before tax in September 2024 quarter stood at Rs 8,508.38 crore, registering an increase of 8.84% YoY. Operating profit before provisions & contingencies jumped 24.10% YoY to Rs 10,712.47 crore for the quarter. The bank's provisions and contingencies zoomed to Rs 2,204.09 crore from Rs 814.56 crore posted in same quarter last year. The Bank holds cumulative provisions (standard + additional other than NPA) of Rs 11,815 crore at the end of Q2FY25. It is pertinent to note that this is over and above the NPA provisioning included in our PCR calculations. These cumulative provisions translate to standard asset coverage of 1.20% as on 30 th September 2024. On an aggregated basis, provision coverage ratio (including specific + standard + additional) stands at 153% of GNPA as on 30th September, 2024. Credit cost for the quarter ended 30 September 2024 stood at at 0.54% as against 0.42% posted in 30 September 2023 quarter. The bank's gross non-performing assets (NPAs) stood at Rs 15,466.23 crore as on 30 September 2024 as against Rs 16,756.74 crore as on 30 September 2023. The ratio of gross NPAs reduced to 1.44% as on 30 September 2024 as against 1.73% as on 30 September 2023. The ratio of net NPAs declined to 0.34% as on 30 September 2024 as against 0.36% as on 30 September 2023. As on 30th September, 2024, the Bank's provision coverage, as a proportion of Gross NPAs stood at 77%, as compared to 79% as at 30th September 2023 and 78% as at 30 th June 2024. The fund based outstanding of standard restructured loans implemented under resolution framework for COVID-19 related stress (Covid 1.0 and Covid 2.0) declined during the quarter and as at 30 th September, 2024 stood at 1,320 crores that translates to 0.12% of the gross customer assets. The Bank carries a provision of around 20% on restructured loans, which is in excess of regulatory limits. Gross slippages during the quarter were Rs 4,443 crore, compared to Rs 4,793 crore in Q1 FY25 and Rs 3,254 crore in Q2FY24. The bank's net advances grew 11% YoY to Rs 9,99,979 crore and total deposits jumped 14% YoY to Rs 10,86,744 crore as on September 2024. As on 30 September 2024, CASA deposits rose 4% YoY to Rs 4,41,053 crore while CASA deposits as % of total deposits stood at 41% as on September 2024 as against 44% as on September 2023. As on June 2024, capital adequacy ratio (basel III) stood at 16.61%. Tier I was at 14.54% and Tier II at 2.07%. The bank's return on average assets (ROA) and Return on equity (ROE) stood at 1.84% and 17.58%, respectively in the quarter ended 30 September 2024. Axis Bank added 150 branches during the quarter, taking its overall distribution network to 5,577 domestic branches and extension counters along with 182 Business Correspondent Banking Outlets (BCBOs) situated across 3,062 centres and 14,728 ATMs and cash recyclers spread across the country. The Bank's Axis Virtual Centre is present across eight centres with over around 1,000 Virtual Relationship Managers as on 30 September 2024. The scrip declined 1.74% to close at Rs 1,132.15 on the BSE.Powered by Capital Market - Live