Stocks

Axis Bank hits record high; chart suggests more upside

Reuters Mumbai | Updated on March 27, 2019 Published on March 27, 2019

File photo   -  REUTERS

Axis Bank Ltd's shares gain as much as 1.7 per cent to a record high of Rs 769.9.

The stock broke above a resistance at Rs 762.1.

Stock cuts above its parabolic SAR are seen as favourable for the stock.

Stocks were up 49.2 per cent in the last one year as of Tuesday's close, outperforming Nifty’s 13.4 per cent gains in the same period.

Published on March 27, 2019
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