Axis Bank shares fell nearly 4 percent, m-cap erodes by Rs 4,709 cr after Q1 results
The stock dropped 3.23 percent to settle at Rs 550.10 on BSE. During the day, it went down from 3.59 percent to Rs 548.
The stock was the worst hit among the blue chips on both the key indices.
On the equity volume front, 9.43 lakh shares of the company were traded on BSE and over 2 crore shares changed hands at NSE during the day.
The lender's asset quality worsened as gross non-performing assets (NPAs) rose to 6.52 percent as on June 30 of this year, from 5.03 percent on June 30, 2017.
Likewise, net NPAs or bad loans increased to 3.09 percent of advances furnished by June-end from 2.30 percent a year ago.
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