Axis Bank Ltd down for fifth straight session

Axis Bank Ltd is down for a fifth straight session today. The stock is quoting at Rs 1056, down 1.31% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.69% on the day, quoting at 24795.05. The Sensex is at 81031.75, down 0.74%.Axis Bank Ltd has eased around 1.64% in last one month.Meanwhile, Nifty Bank index of which Axis Bank Ltd is a constituent, has eased around 2.64% in last one month and is currently quoting at 55139.3, down 0.97% on the day. The volume in the stock stood at 26 lakh shares today, compared to the daily average of 60.95 lakh shares in last one month.

The benchmark August futures contract for the stock is quoting at Rs 1056.3, down 1.41% on the day. Axis Bank Ltd tumbled 10.6% in last one year as compared to a 0.89% slide in NIFTY and a 6.49% spurt in the Nifty Bank index.

The PE of the stock is 12.7 based on TTM earnings ending June 25.

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