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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
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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.
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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)
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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
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Due to this strong quarterly numbers, markets are highly bullish on Axis Bank shares and due to rising interest rates