A large block of Axis Bank shares was 0.55% sold on June 21st 2024

Equity Stake Sold: 0.55% of Axis Bank’s shares were sold in a large trade.
Transaction Value: The total value of the trade was Rs 2,088 crore.
Share Price: The shares were sold at Rs 1,226 per share, with approximately 1.7 crore shares changing hands.

Buyer/Seller Unknown: The identities of the buyer and seller are not currently known.

This is a significant transaction, but it’s important to consider it in the context of Axis Bank’s overall performance:

Stock Price Up: Despite the large trade, Axis Bank’s stock price is still up over 27% in the last year.
Outperforming Market: This gain outperforms the Nifty 50 index, which is up 25% over the same period.

Stock Price Movement: Axis Bank’s stock price dipped slightly today, down about 0.5% in line with the overall banking sector decline. At the time of the report, it was trading around Rs 1,232.5. It’s important to note that despite this small dip, Axis Bank’s stock has grown over 27% in the last year, slightly outperforming the Nifty 50 index.

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