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. The company said its revenue from operations came in at Rs 15,767.28 crore, jumping 9.45 per cent from Rs 14,405.61 crore in the year-ago quarter.

In the last one year, Nifty Bank index has delivered a better-than-FD return of 8 per cent but the Nifty PSU Bank index has outperformed with a 35 per cent return. On a year-to-date basis, the PSU Bank index has rallied over 8 per cent against a flat Nifty Bank.

Analysts have a wide-ranging projection in how they see lender’s net profits grow. They project 44-74 per cent year-on-year (YoY) growth in the bottomline. IndusInd Bank is scheduled to report its earnings on Friday.

The speciality paediatrics chain is eying to raise Rs 1,580.85 crore via its initial stake sale. The company is selling its shares in the range of Rs 516-542 per share.

Promoters held 0.0 per cent stake in the company as of 31-Mar-2022, while FII and DII ownership stood at 9.35 per cent and 1.93 per cent, respectively.

"Switching from HDFC Bank to Axis is not justified now," Edelweiss said while retaining its buy call on Axis on cheap valuations.

Total income of the company in the fourth quarter of the previous financial year stood at Rs 734.73 crore as compared to Rs 704.70 crore in the corresponding quarter in FY 2020-21, reports said.

The Relative Strength Index of the stock stood at 26.74 on Friday.

“In the case of banks, NPA control is a big positive. Most large banks have net NPAs below 1% now which is a big positive for future growth prospects of the overall economy other than the banks. Also they have high capital adequacy ratios and that is also a positive. ”

A total of 1,052,289 shares changed hands on the counter till 11:26AM (IST).