axis bank share price hits record high after Q2FY23 result 

Shares of Axis Bank now climb to a fresh life-time high of ₹879.85 apiece on NSE

pic cre--social media

its previous high of ₹866.90 per share that it had made on 25th October 2022

[{"selector":"#anim-9746fcdb-e182-4646-ab8c-353fe758074f [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(64.49468063561893%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] pic cre--social media

[{"selector":"#anim-b5b3e001-6214-4a9a-9b06-86bb908c9bc0","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-98e17f10-a8f6-48ca-8db7-3c7993881ab3","keyframes":{"transform":["rotate(-348deg) translate3d(81.15384%, 0px, 0) rotate(348deg)","rotate(-348deg) translate3d(0px, 0px, 0) rotate(348deg)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1abe3866-d905-47ed-9703-e3338fe11221","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-631d741e-db3d-46fa-bb93-e483b601a139","keyframes":{"transform":["translate3d(-126.19926%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-82c24215-01f2-4202-9c0e-78ae8363221a [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Axis Bank share price today opened with an upside gap and went on to hit a fresh high, rising around 6 per cent from its previous close of ₹825.85 apiece pic cre--social media

According to stock market experts, Axis Bank shares are in uptrend and it is expected to remain in uptrend after the announcement of strong Q2FY23 results announced yesterday

[{"selector":"#anim-54af004b-0af2-43fe-89a4-b40c4f5bc61a","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-45309e89-143b-4e9e-a107-b5b9326dc658","keyframes":{"transform":["rotate(-348deg) translate3d(88.26152%, 0px, 0) rotate(348deg)","rotate(-348deg) translate3d(0px, 0px, 0) rotate(348deg)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9fd6fe67-8da8-484d-98ee-1174e2baf627","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d77c7539-63d9-4470-8c66-261f8a495527","keyframes":{"transform":["translate3d(-127.83882%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] pic cre--social media

[{"selector":"#anim-e4555e03-1b40-49e9-a740-50ec1142b9f0","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7623cb9c-a95e-45fa-96ab-9ed44bb7cd50","keyframes":{"transform":["rotate(-348deg) translate3d(83.82838%, 0px, 0) rotate(348deg)","rotate(-348deg) translate3d(0px, 0px, 0) rotate(348deg)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d3da0263-3412-426d-a75f-2ee4fb2b0a6f","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e4431832-7c72-4c6c-8457-99f008779c0c","keyframes":{"transform":["translate3d(-125.66037%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] most of the banks are out of the Covid-led challenges and now in the wake of lowering provisioning, Axis Bank has managed to report an improved margins. pic cre--social media

[{"selector":"#anim-fb26b624-2099-4058-ba4e-518fb07deb75","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c12bf9c7-3134-4740-82fd-0098dea471cb","keyframes":{"transform":["rotate(-348deg) translate3d(84.54861%, 0px, 0) rotate(348deg)","rotate(-348deg) translate3d(0px, 0px, 0) rotate(348deg)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3cc831df-909e-4190-9829-1b67e07ac941","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-05995a98-6a95-4679-a56f-84353408f951","keyframes":{"transform":["translate3d(-145.83333%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-797a2e68-1dea-4f03-ac6a-cd7b52baca3f [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(55.31862710645016%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Apart from this, due to rising interest rates, the bank has managed to report improvement in Net Interest Income (NII) and Net Interest Margins (NIM) pic cre--social media

[{"selector":"#anim-b4c524d2-712b-4fd4-825b-805e2212ff9a","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c78e86b9-0b07-47cc-bcf0-46bd5badf7b5","keyframes":{"transform":["rotate(-348deg) translate3d(83.55263%, 0px, 0) rotate(348deg)","rotate(-348deg) translate3d(0px, 0px, 0) rotate(348deg)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-65079840-3a93-4e93-8077-37a42af815d3","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f0216129-a242-484f-afca-321d417460a1","keyframes":{"transform":["translate3d(-131.86812%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3f4231df-7846-4a0a-b68d-32a715191ab4 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] They went on to add that Axis Bank shares are expected to remain in uptrend and may go up to ₹1170 by Diwali next year pic cre--social media

[{"selector":"#anim-f94e23ce-7936-4489-bf2e-a3589b7f33ab","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-12b2083a-bd14-4c33-a002-92c008b09d60","keyframes":{"transform":["rotate(-348deg) translate3d(81.62162%, 0px, 0) rotate(348deg)","rotate(-348deg) translate3d(0px, 0px, 0) rotate(348deg)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-47e7391a-b0f6-452d-a13a-03301feb0012","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-dc4970e5-0a8c-4185-b9ed-d64d65bab538","keyframes":{"transform":["translate3d(-125.62278%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Due to this strong quarterly numbers, markets are highly bullish on Axis Bank shares and due to rising interest rates