Axis Bank gains on good Q2 earnings

Axis Bank, India"s third largest private sector bank, gained on Tuesday after it reported good Q2 earnings.

The bank reported a rise of 22.08% in net profit to Rs 11.24 billion for the quarter ended Sept. 30, 2012 as compared to Rs 9.20 billion in the same period last year.

Total income of the bank increased by 27.18% to Rs 82.8 billion for the quarter ended Sept. 30, 2012 as compared to Rs 65.11 billion in the same period last year. Interest income rose 26.75% over prior year period to Rs 66.87 billion.Shares ofthe bankare trading at Rs 1,144.70, up Rs 26.2, or 2.34% at the Bombay Stock Exchange (BSE) on Tuesday at 9:26 a.m.The scrip has touched an intra-day high of Rs 1,146.55 and low of Rs 1,132. The total volume of shares traded at the BSE is 53,568.In the earlier session, the shares fell 0.15%, or Rs 1.7, at Rs 1,118.50. Currently, the stock is trading down 12.55% from its 52-week high of Rs 1,309 and above 45.91% over the 52-week low of Rs 784.50.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 1,128.20 (9.70) (0.86) 1 Month 1,009.55 108.95 10.79 3 Months 1,036.55 81.95 7.91 6 Months 1,196.65 (78.15) (6.53) 1 Year 1,120.40 (1.90) (0.17) Note: Based on previous day closing price.