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Copper futures or Axis Bank surges on reporting
Copper futures end higher on weaker dollar
Copper futures ended higher on Tuesday, buoyed by a slightly weaker dollar against a basket of major currencies. Meanwhile, investors turned cautious ahead of the start of the US-China trade talks as well as the US Federal Reserve's monetary policy decision due later in the day.
Copper futures for March delivery rose 1.7 percent to settle at $2.725 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange ended up 0.8 percent at $6,050 a tonne.
Axis Bank surges on reporting a 2-fold jump in Q3 net profit
Axis Bank is currently trading at Rs. 685.40, up by 24.60 points or 3.72% from its previous closing of Rs. 660.80 on the BSE.
The scrip opened at Rs. 687.90 and has touched a high and low of Rs. 703.00 and Rs. 684.00 respectively. So far 1028421 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 703.00 on 30-Jan-2019 and a 52 week low of Rs. 477.50 on 04-Apr-2018.
Last one week high and low of the scrip stood at Rs. 703.00 and Rs. 650.00 respectively. The current market cap of the company is Rs. 177409.61 crore.
The promoters holding in the company stood at 23.71%, while Institutions and Non-Institutions held 66.72% and 9.55% respectively.
Axis Bank has reported over 2-fold jump in its net profit at Rs 1,680.85 crore for the quarter ended December 31, 2018, as compared to Rs 726.44 crore for the same quarter in the previous year. Total income of the Bank increased by 26.66% at Rs 18,130.42 crore for Q3FY19 as compared Rs 14,314.63 crore for the corresponding quarter previous year.
The Bank’s gross NPA for the October-December quarter of the current fiscal increased to 5.75%, as compared to 5.28% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 2.36% in Q3FY19.
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