The acquisition of Citibank’s India consumer business by Axis Bank did not elicit much enthusiasm in the opening trades on the NSE and BSE. Shares of Axis Bank opened 1.6 percent higher at Rs 763, and have traded sideways so far in the day.
Axis Bank’s 52-week high stands at Rs 866.90 recorded in November 2021. The stock trades 19 percent higher from its recent low of Rs 637. Any positive fundamental development on the business front, adds value, and the same impacts are reflected in the share price. It is largely felt by the investors that the stock price moving higher in the future.
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