Axis Bank Shares Worth Rs 703 Crore Change Hands In Multiple Large Trades
The buyers and sellers involved in the deals were not known immediately.
![<div class="paragraphs"><p>Signage of Axis Bank seen at one of its branches in Bengaluru (Source: NDTV Profit)</p></div>](https://media.assettype.com/bloombergquint%2F2023-12%2F588b5163-8379-42e4-9b80-7b06cce073e6%2FIMG_20171229_164848__1_.jpg?auto=format%2Ccompress&w=200)
Axis Bank Ltd.'s shares worth Rs 703.2 crore changed hands in multiple pre-market large trades on Wednesday.
In the bunch trades, 62.8 lakh shares or a 0.2% equity were transacted at Rs 1,119.70 apiece, according to Bloomberg data. The buyers and sellers involved in the deals were not known immediately.
Axis Bank's stock was trading 1.53% lower at Rs 1,113.7 apiece on the NSE compared with a 0.23% decline in benchmark Nifty 50 as of 9.53 a.m.
The shares have risen 19.09% on a year-to-date basis. The total traded volume stood at two times its 30-day average.
Forty-five out of the 50 analysts tracking the stock have a 'buy' rating, while five recommend 'hold', according to Bloomberg data. The average of 12-month analyst price targets implies a potential upside of 6.6%.